Rapper and obvious presidential candidate Kanye West has been on a brand new rampage recently. The “Yandhi” artist posted a collection of tweets on Sept. 16 that included peeing on his Grammy, tweeting out screenshots of lots of his contracts with Common, and claiming “ALL THE MUSICIANS WILL BE FREE.”
However in a brand new thread of tweets, Kanye is claiming to be the “head” of the athletic firm Adidas. However who actually owns Adidas?
Does Kanye West personal Adidas?
Kanye has gotten entry to his Twitter again, and with that got here a brand new barrage of tweets, persevering with his thread from the day earlier than. Within the first tweet after his declaration that he had entry to his account once more, he claimed that he was the “head” of Adidas.
“I’m the pinnacle of adidas,” Kanye tweeted. “I’ll carry adidas and puma again collectively and produce me and jay[-Z] again collectively … all pumas designs are embarrassingly trash however I’ll personally design puma and adidas and make all the things okay.”
Rapper Jay-Z was not too long ago named the artistic director of competing athletic model Puma.
For individuals who do not know, Kanye’s clothes line, Yeezy, is tied to athletic firm Adidas by contract, although Kanye owns Yeezus personally. Adidas handles all of Yeezy’s manufacturing and distribution, and in response to a Forbes article evaluating Kanye’s billionaire standing, he earns about 15 p.c of the royalties from the clothes model.
And whereas this can be a hefty quantity, as Yeezy is estimated to be value greater than $1.2 billion, this does not truly give Kanye a direct connection to make any selections at Adidas. In actual fact, it does not appear as if Kanye truly has any direct ties to Adidas past Yeezy, and he does not appear to be listed wherever on the official Adidas web site as an govt.
I’m the pinnacle of adidas … I’ll carry adidas and puma again collectively and produce me and jay again collectively … all pumas designs are embarrassingly trash however I’ll personally design puma and adidas and make all the things okay
— ye (@kanyewest) September 18, 2020
Whereas Kanye positively has near-complete management over Yeezy, he doesn’t appear to have any energy over Adidas. It is doable Kanye may very well be seeking to make his approach onto Adidas’ govt board sooner or later, although at the moment that is not capable of be confirmed. Contemplating his tweet was an insult directed at Jay-Z’s work because the artistic director, it is unclear if there will likely be a collaboration with Adidas and Puma sooner or later.
Who truly owns Adidas?
There are a few totally different boards which have a hand in making selections at Adidas, which is a German-owned firm, however sadly, none of them are Kanye. Based on the corporate’s official web site, the group’s govt board is made up of CEO Kasper Rorsted, Head of International Gross sales Roland Auschel, Head of International Manufacturers Brian Grevy, Head of Finance Hurt Ohlmeyer, and Head of International Operations Martin Shankland.
The group additionally has a supervisory board made up of 16 totally different members. Every of those members lends a direct hand within the selections made at Adidas, and plenty of additionally maintain different govt or supervisory positions at different giant corporations.
Sadly, Kanye can also be not listed as a supervisory board member. Whether or not he has plans to affix the chief crew is unclear, and Adidas has in a roundabout way commented on Kanye’s statements.