Sylvae
16Jan/130

Sporting Kansas City Is Right to Terminate Agreement with Livestrong Foundation

I was wrong.

Back in August, I wrote a piece about Lance Armstrong and Sporting KC and said, at the time, Armstrong's troubles didn't affect the club. Boy, was I wrong.

On Tuesday, both the Livestrong Foundation and Sporting Kansas City moved to terminate the naming rights deal announced on March 8, 2011, but their stated reasons were different.

According to Darren Rovell of ESPN.com, the foundation claims Sporting KC still owes them $750,000 of the $1 million it was set to donate in 2012 under the terms of the agreement.

Livestrong CFO Greg Lee says the team wasn't living up to its end of the deal:

While we don't talk about the specifics related to any of our partners, part of my role as the chief financial officer is to ensure compliance by our corporate partners. We strive to be great partners ourselves and expect the same from those we do business with. If a partner is struggling to meet the terms of our agreement, we do ...

Read Complete Article at Bleacher Report - MLS
Article is property of BleacherReport.com

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