New Sprint CEO involved in soccer: You may have heard that
NASCAR lost its title sponsor the other day, that telecommunications
giant Sprint is pulling out of the draft after the 2016 season. What you
may not have heard is one of the reasons why: Soccer. Sprint has a new
CEO, and while he's from south of the Mason-Dixon line, it's real far
south, farther south than Kannapolis, N.C., or even Hueytown in Alabama.
Marcelo Claure is from Bolivia. When he became CEO of Sprint in August,
it was agreed by a board of directors and stockholders and such that
Claure should eliminate 3,700 jobs and $1.5 billion from departmental
budgets. Sprint's initial agreement with NASCAR was $750 million for 10
years, so that must have seemed like a good place to start, especially
if you're a soccer guy and not a car guy. Claure owns a soccer team in
Bolivia and is trying to bring Major League Soccer to Miami. His partner
is global soccer icon David Beckham. Ain't that a corner kick to the
head? "You certainly don't want to lose a sponsor like that," Las Vegas
Motor Speedway president Chris Powell said, "but I don't think this is a
comment on the business of NASCAR. I think it's more a comment on
Sprint's business. That's what I'm seeing from a distance."(Las Vegas Review Journal)(12-27-2014)
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