Phil Knight, the founder of Nike, made a $400m (£288m) donation to Stanford University to fund a scholarship scheme. Why do billionaires do this sort of thing?
As Nike’s Phil Knight becomes the biggest university donor with his $400m Stanford pledge, andrew dewson looks at why the super rich give money to institutions of learning. And what benefits might a philanthropist get in return?
Kanye sneakers are now outpacing Jordan models
Gothenburg had funding in place and had been encouraged to bid by the IAAF
Nike shares jumped more than 2 per cent in afterhours trading, as a 34 per cent jump in future orders in Greater China impressed.
Top banks pay no UK corportation tax; Nike profits rose 20%; Game Digital warns on half-year profit
Two kits appeared on social media based on basic Nike templates
French prosecutors have opened a corruption probe into the decision to award the city the 2021 World Championships
David Okeyo alleged to have siphoned off funds from a sponsorship deal between the national association and Nike
Rooney is currently paid £1m-a-year to wear Nike boots
Nike said proceeds from shoe sales would go to the actor's charity for Parkinson's research
Matt Barr rounds up the best new snow stuff
Running shoes, check. Lycra leggings, check. Snazzy top, check. But have you got an armband to keep your valuables safe and dry?
Chanelle Beasley went missing on New Year's Eve in the Mitcham area of south west London
Sticking to a new year fitness regime should be a breeze with this sporty gear, says Emma Akbareian
If you're serious about fitness, you need to keep tabs on your progress. These bands and watches all do the job admirably. Ready. Set.