SGB Update

McDonald’s Exits Longtime Olympics Partnership

McDonald’s has become the latest sponsor to walk away from the Olympics. Earlier this year, Anheuser-Busch InBev’s Budweiser ended its sponsorship of the U.S. Olympic Team after 32 years.

Reebok May Lose Conor McGregor As Endorser Before Mayweather Fight

Conor McGregor’s exclusive endorsement deal for apparel with Reebok has ended just before his big fight with Floyd Mayweather on August 26. Reebok is said to be in negotiations to re-up the deal, but discussions are underway with other brands as well.

Red Bull 400 Returns To Park City For Third Year

With a starting point of 6,870 feet this 400 meter near-vertical sprint will challenge competitor’s speed, endurance and determination to the top of the breathtaking 2002 Winter Games ski jump.

Vexatec Signs Tommy Haas

Vexatec, the Swiss-based developer of the smart shirts, has added Tommy Haas, the tennis star, to its roster of ambassadors.

ICHIRF: PFA To Support Concussion In Sport Project

The Concussion Foundation announced that the PFA (Professional Footballers Association) has donated funds to support the Concussion in Sport study set up by ICHIRF (International Concussion & Head Injury Research Foundation).

ClassPass Raises $70 Million In Funding

ClassPass, the membership fitness network, secured its largest funding to date, raising $70 million in a Series C round of financing led by Temasek.

Nike Signs Markelle Fultz

Nike has signed an endorsement deal with Markelle Fultz, the expected first pick in the NBA draft.

Lululemon Invests In Cycling Apparel Startup

Lululemon Athletica has acquired a minority stake in 7mesh Industries, a cycling apparel startup based in nearby Squamish, British Columbia, according to Fortune.