Could Promotion-Relegation work in College Football?
Ye — formerly known as Kanye West — is no longer on Forbes’ billionaires list as businesses and athletes continue to drop him and his products.
Foot Locker has become the latest brand to end its relationship with the rapper and designer over antisemitic comments he made on social media platforms. The sneaker and activewear retailer sent an internal message to its 2,799 brick-and-mortar locations to pull all Yeezy footwear from its sales floors immediately.
Gap also ended its deal with Ye, removing Yeezy Gap merchandise from its stores and shutting down YeezyGap.com.
The Boston Celtics’ Jaylen Brown and Los Angeles Rams’ Aaron Donald announced they would be leaving Donda Sports — Ye’s sports marketing agency. Adidas immediately halted production of Yeezy products and stopped all payments to Ye’s companies on Tuesday.
- Earlier this year, Ye was estimated to be worth $2 billion — ranking 1,513 on Forbes’ rich list.
- He is now estimated to be worth $400 million after Adidas terminated its deal.
Foot Locker generated $2.07 billion in revenue in Q2 2022, down from $2.28 billion for the same period last year. The company reported a net income of $94 million, compared to $430 million in Q2 2021.
The Songs Will Play
Ye still has the support of one of the biggest companies in music — Spotify. The audio streaming giant has decided to not remove Ye’s music from its platform.
“It’s really just his music, and his music doesn’t violate our policy,” said Spotify CEO Daniel Ek.
