Nike is putting its 100% ownership stake in the United Soccer Leagues up for sale, according to various media reports. U.S.L is a conglomeration of six leagues (with teams in the United States, Canada and Puerto Rico), was founded in 1986 and was owned by Umbro, which Nike bought in 2007
At the time, Nike also became the uniform supplier for national teams like England and Sweden, and a handful of clubs in the English Premier League,
A report in The New York Times said Nike is looking to sell the business because it doesn't fit with its core strategies.