The companys stock fell roughly 3% on Tuesday but is still up nearly 30% in 2018. Analysis of 293 active deals by Nike taken from the Sportcal Intelligence Centre, totalled an estimated annual sponsorship spend of $1.68 billion. He became a two-time All-American quarterback and 2007 Davey OBrien Award winner at UF and has since built his fortune. He has also continued to protest against racism and police brutality. Dream Crazy was not just a campaign but a culmination of Nikes ongoing commitment to standing with and for athletes. Kaepernicks lawyer, Mark Geragos, has said that his client is going to be a part of the solution. Kaepernick has also said that he is ready to play if given the opportunity. Whatever happens, it is likely that Kaepernick will continue to be a controversial figure in the NFL, and will continue to generate a lot of discussion and debate.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'sneakersopedia_com-leader-3','ezslot_10',113,'0','0'])};__ez_fad_position('div-gpt-ad-sneakersopedia_com-leader-3-0'); Since he first took to the field as a San Francisco 49er quarterback in 2012, Colin Kaepernick has been one of the most celebrated and controversial players in the NFL. SANTA CLARA, CA - SEPTEMBER 12: Colin Kaepernick #7 and Eric Reid #35 of the San Francisco 49ers kneel in protest during the national anthem prior to playing the Los Angeles Rams in their NFL game at Levi's Stadium on September 12, 2016 in Santa Clara, California. When former NFL Super Bowl quarterback Colin Kaepernick (who took a knee during the national anthem in 2016) was photographed signing something in a Nike shirt, many fans were hopeful that he was . Only time will tell which team he will play for. Joe Montana is a retired professional American football player and current venture capital investor who has a net worth of $150 million dollars. At the same time, Nike announces that Kaepernick would be the face of its marketing campaign for the 30th anniversary of its Just Do It slogan. The first track endorser was distance runner Steve Prefontaine. 2023 FOX News Network, LLC. In 2019, Kaepernick founded his own publishing company, which strives to elevate a new generation of writers with diverse views and voices through the creation of powerful works of all genres that can build a better and more just world. He also has a production company, Ra Vision Media, which created the Netflix. There has been some recent news and speculation about whether or not Colin Kaepernick is still with Nike as of 2022. With the NFL preseason in full swing, teams are starting to finalize their rosters, making the cut from 90 players to the regular season limit of 53. However, Nike has shown no indication that it plans to drop Kaepernick, and he is still featured prominently in the companys advertising. What was the favorite Super Bowl commercial 2022? Powell ultimately won out, and Kaepernick stayed on Nike's roster with a contract that was set to expire in early 2019. Does Nike use child labor? Commissioner Roger Goodell has said that Kaepernick is not being blacklisted, but that no team has signed him because he is not a good enough player. NiceKicks.com also reported in 2017 that Beckham Jr. 2019 Kaepernick, along with former 49er teammate Eric Reid, settles a grievance against the NFL alleging collusion preventing him from signing with any team. People ask me how I keep my teeth from chattering in the wintertime, Stack says. Despite the renewed contract, there has been speculation that Nike might drop Kaepernick after he became involved in a high-profile lawsuit against the league. EIN: 41-0953924. He said despite some Americans vowing to boycott the brand, that didnt affect Nikes numbers. Considering this, Does Nike still support Kaepernick? Indian footballer and Nike brand ambassador Baichun Bhutia spins a football at the launch of the Total 90 range of football products in Mumbai, 03. Others argue that Kaepernicks signing is nothing more than a publicity stunt by the Panthers and that the quarterback is not actually being given an opportunity to play. The possible 2022 NFL return will be due to their successful association and work together over the years. Who is the blonde girl in the new Verizon commercial? What is Nike net worth? Nike has not released any official statement on the matter, so it is unclear what is actually going on. He made his 16 million dollar fortune with Nevada, San Francisco 49ers. There has been some speculation that Kaepernick might sign with a team in 2020. The Redskins may be looking for a more experienced quarterback to lead the team. What is the message of the advertisement Nike? I leave them in my locker. The same year, Nike released the first of a series of ads that paired the director Spike Lee with Michael Jordan, who was with the Chicago Bulls at the time. Just Do It or JDI for short (stylized as JUST DO IT. approximately $20 millionGiven his NFL contracts, sponsorships, and legal struggle with the NFL, his estimated net worth in 2021 is approximately $20 million. Well have to wait and see what happens next. On top of earning more than $90 million in salary over the course of his career, Michael Jordan has raked in serious dough from numerous endorsementsmost notably with Nikewho has even given the G.O.A.T. May 9, 2022 0 Though the former quarterback has not played a professional game in four years, Colin still signed with popular athletic wear company Nike. China and Taiwan are the leading supplier of synthetic leather worldwide. Quick Answer : Does Grindr tell if you screenshot? Copyright 2023, Sneakersopedia - All Rights Reserved. Among Rodgers most lucrative business holdings is his investment in the Milwaukee Bucks. Nike uses sponsorship to retain position as the most recognisable sportwear brand on the planet. NFL commissioner Roger Goodell has said that Kaepernick is not blackballed from the league, and that he still has an opportunity to play in the NFL.. It is however expected that Nike's overall sponsorship spend is far higher than this. According to a recent Harris poll, Nikes reputation with the general public has actually strengthened over the past two years, and theres been renewed interest in Nikes commercials featuring brand ambassador quarterback Colin Kaepernick. Dont tell Adidas. "I am still up at 5 a.m . Thanks to his agreement with Nike, Jordan earns a five percent royalty on all of Nikes gross sales. The Washington Redskins are in need of a quarterback, and some believe that they might be interested in Kaepernick. Ronaldo, Mbappe, Lewandowski & list of brands partners. Former San Francisco 49ers quarterback Colin Kaepernick has been in an NFL exile for nearly 6 years and had some close shaves in that point of time. Before they decided to fully embrace him in 2018, Nike was considering dropping Colin Kaepernick. With the player no longer playing in the league, the separation seemed inevitable before Nikes head of communications, Nigel Powell, stepped in. Nike Stock Closes Down 3.16% On Day After Colin Kaepernick Ad Campaign Announcement. Your donation today powers the independent journalism that you rely on. Nike pledged "$100 million over . How much is Kaepernick worth in 2021? Colin Kaepernick (@Kaepernick7) November 13, 2019 The scheduled workout presents a long-awaited opportunity for Kaepernick to quiet doubters and show he can still play at an NFL level. The quarterback has not been in the league since he became a free agent in 2017. Campaigns at Nike from Kaepernick boosted the company's value by $6 billion and sales by 31% according to the original SPAC filing. Colin Kaepernickis a household name, not just for his football career, but for his tireless civil rights activism for Black and Brown communities.. Nike reports earnings Thursday and, like most other businesses, the apparel company has taken a hit due to COVID-19 and reduced consumer spending. Many people were outraged that Nike would endorse someone who was seen as being unpatriotic. Did you know Nikes logo has a hidden message? This led to a great deal of backlash, and he has not played in the NFL since the 2016 season. Colin Kaepernick says his decision to take knee during national anthem was GOOD for NFL's profits and takes credit for $6bn spike in Nike's valuation as he pleads with league bosses to let him return What does Nike stand for? Who is the richest quarterback in the NFL? Colin Kaepernick signed with Nike in 2011 and was a face of the brand until 2016 when Nike stopped using his ads after he kneeled during the national anthem at a 49ers game that same year in protest against police brutality and racial injustice, according to Newsweek. Nike selected the former NFL quarterback Colin Kaepernick as one of the faces of a new ad campaign featuring the brand's "Just Do It" slogan. Brand value of the sports company Nike worldwide from 2016 to 2022 (in million U.S. dollars). As international attention has focused on Colin Kaepernick's Nike ad, activists and many on social . What other brands do Nike own? Nike has no problem earning billions in China to manfacture products using Uyghur slaves to make high-end athletic shoes. An unquenchable thirst to learn There are a few teams that could be a potential fit for Kaepernick. Air Jordan. Now, almost three years after the original ad campaign, there is speculation that Kaepernick may no longer be affiliated with Nike. While the interest in recruiting him remains high, things are looking up for the 34-year-old NFL QB. Who is the richest athlete in the world 2022. The 2022 NFL regular season will kick off in September and Colin Kaepernick has not signed with an NFL team. Nike sweatshops. Im going to continue to stand with the people that are being oppressed, he said in an interview with ESPN. Is Colin Kaepernick still with Nike 2022? Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. All Rights Reserved. In July of 1988, Nike released the first of its ads under the slogan Just Do It. The spot featured Walt Stack, an eighty-year-old man, ebulliently trotting across the Golden Gate Bridge as part of his daily seventeen-mile run. There is no clear answer to this question, as Kaepernick is currently a free agent and has not yet signed with a team for the 2021 season. 2023 Cond Nast. Nike and Adidas are among the global brands now facing a revolt among Chinese consumers for expressing concerns about forced labor in Chinas Xinjiang cotton industry. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. In gravel racingthe sports hottest categorythe killing has exposed a lot of dirt. Nike has long sponsored athletes to the tune of millions of dollars. Colin Kaepernick, a former quarterback for the San Francisco 49ers, is well known for sparking controversy in the NFL when he chose to kneel during the national anthem to bring awareness to police brutality and racial inequality. The rumored separation plans between Nike and Kaepernick came to head back in 2017 with some of his decisions upsetting the sports manufacturers hierarchy. This material may not be published, broadcast, rewritten, or redistributed. After playing in the NFL, Tebow pursued a career in baseball and reportedly made $660,000 in salary. Kaepernick has yet to comment on the situation. If Nike wants to still be a viable company for future athletes, who will be the face of their brand, then they need to be on the right side of history, Martin said. What team does Kaepernick play for in 2021. Kaepernick is a free agent and has not been signed by any team since he became a free agent. Nike has been embroiled in a public relations crisis since it announced that former NFL quarterback Colin Kaepernick would be the face of its new ad campaign. tweeted this week, demanding the Nike and the NBA guarantee that its products are "slave free," no longer using Uyghurs to make its products. approximately $20 millionGiven his NFL contracts, sponsorships, and legal struggle with the NFL, his estimated net worth in 2021 is approximately $20 million. A marketing campaign to. Former footballer, Civil rights activists. They do however owe a massive chunk of their success to him. According to a person familiar with Kaepernicks agreement with Nike, a new multi-year contract will include Kaepernick-branded shoes and apparel. The odds are far from being in his favor, but, no matter, he persists. No, they are not. YouGov, which tracks consumer perception of brands, found that 46% of current Nike customers have a positive opinion of Colin Kaepernick, compared to 34% of the general public. Nike will also contribute to Kaepernick's Know Your Rights charity. Otherwise, it's just an ad. Nike has been very supportive of Kaepernick and his message, and they are unlikely to end their relationship with him now. Stay tuned, more details from his deal with Nike are likely to emerge. His tweet has been retweeted more than 100,000 times. However, it is unclear if the NFL will ever forgive him for his protests. Unfortunately, the consequences for breaking such labor laws is often not enough of a deterrent to prevent sweatshops from existing. But his image still did not appear on any Nike advertisements, and. Nike did not use Kaepernick in any advertising campaigns during this period. That advertisement was a home run even the year it ran, said Daniel Kaplan, reporter at The Athletic. Air Jordan is an American brand of basketball shoes, athletic, casual, and style clothing produced by Nike . This has led to speculation that he may never play in the NFL again. Former San Francisco 49ers quarterback Colin Kaepernick is pursuing other opportunities, but that doesn't mean he has ruled out a return to the NFL . Cam Newton Net Worth: Cam Newton is an American football player who has a net worth of $75 million. around $150 millionWhat is Eli Mannings net worth? To me, this is bigger than football and it would be selfish on my part to look the other way. I think hes an outstanding human being, James said. The possible 2022 NFL return will be due to their successful association and work together over the years. Colin Kaepernick Meets Soccer Legend Lionel Messi, Angel Di Maria, and Kylian It will be up to Kaepernick to show his doubters that he is an NFL player beyond his Nike campaigns. Nation Jul 3, 2019 10:16 AM EST. Nike has not released any statement regarding Kaepernicks status, and he has not made any announcements on social media. What is the Nike-Colin Kaepernick boycott? However, they have issued a statement saying that they support athletes and their right to freedom of expression.. The details of the deal have not been released, but it is reportedly worth millions of dollars. As the NFL preseason continues, lets keep our eyes on Kaepernick and see what he does next. If Nike drops Kaepernick as a spokesperson before then, it could be seen as an admission of guilt in the collusion case. Watch This Story: Patrick Mahomes TikTok Star Brother Jackson Mahomes Has a Polarizing Message for Haters, Full Spectrum Services LLP 2022 | All Rights Reserved. While some people rage that yet again in America an ingrate-rebel has been rewarded, there is another narrative that Kaepernick conjuresthat of an individual, driven by conscience, fighting a lonely crusade against forces more powerful than he is. However, Kaepernick is still a free agent, and it is possible that he could sign with a team before the start of the 2022 season. In that regard, sweatshops are considered illegal in the United States. During a time in which he never set foot on the field, his No. A lifetime endorsement deal with Nike is set to exceed $1 Billion making him arguably the richest of all Nike sponsored athletes in the world. "In my mind, this . Colins actions received mixed responses from around the country, but they apparently benefited Nike massively. The Wall Street Journalreported that Nike stock fell nearly three per cent. His kneeling protest, which started in 2016 as a response to police brutality, was. "Its wide endorsement. According to a Report, Nike has made over $6 billion since Colin Kaepernick started taking a knee during the national anthem. Kaepernicks protests polarized the country. Copyright 2023, Sneakersopedia - All Rights Reserved. The possible 2022 NFL return will be due to their successful association and work together over the years. The jersey featured an all-black color scheme and the number 7, which Kaepernick wore during his time with the 49ers. Nike will also contribute to. Nevertheless, Nikes stock prices continued to rise. Speaking on a call with analysts following its Q1 results last night (25 September), Parker said the company is "very proud" of the 30th anniversary activity for the Just Do It campaign. Kaepernick has been relatively quiet since he opted out of his contract with the 49ers in 2017. Is Colin Kaepernick still with Nike 2022? Does Colin Kaepernick still have a contract with Nike? Now in its sixth decade, Nike owns a multitude of world-famous brands such as Nike Pro, Nike Golf, Nike+, Air Force 1, Air Jordan, Air Max, Nike Blazers, Nike Dunk, Nike Skateboarding and Nike CR7. Money lost: At least $11 million. A special edition Nike jersey featuring Kaepernicks name sells out in less than 24 hours. Colin was phenomenal today. The wildly popular Spike-and-Mike ads didnt fall under the rubric of Just Do It, but they were important to the Air Jordan line, which had been launched three years earlier, and went on to become the best-selling athletic shoe of all time. Shoes, shirts, jerseys, etc. chawk12thman says: March 11 . Months later, the two sides reached a financial settlement. On Tuesday, in response to the ad, the N.F.L. Initially, he worked as a freelance Athlete and activist Colin Kaepernick and his partner Nessa Diab announced Sunday the birth of their first child. Kaepernicks camp has reportedly reached out to all 32 teams about the workout. Kaepernick had been protesting police brutality and racial inequality by kneeling during the national anthem, and this had sparked a lot of debate and controversy. Why Nike was right to feature Colin Kaepernick in its controversial new ad By Ben Hayman on Sep 17, 2018 Ben Hayman of brand purpose consultancy Given says companies can and should be prepared to take stands on issues such as racism, but only if their messaging is authentic and credible Theres been renewed interest in Nikes commercials featuring brand ambassador quarterback Colin Kaepernick. Colin Kaepernick has been out of the NFL since 2016. While at the NFL, he earned a little under $10million in total salary. In this telling, Kaepernick the subversive is transformed into something more legible, more familiaran American character whom Steinbeck might have imagined. Since opting out of his contract with the 49ers in March, quarterback Colin Kaepernick has remained relatively quiet. Nike just signed a $1 billion plus sponsorship deal with the NFL that goes through 2028. It will be up to Kaepernick to show his doubters that he is an NFL player beyond his Nike campaigns. The company appears to have revamped its deal with Kaepernick as he has leaned into his activism and collected a number of accolades for his work. We rely on your financial support to keep making that possible. (Kaepernick has had a contract with the company since 2011, but it was on the verge of expiration when the company crafted an extension.) What is Colin Kaepernicks net worth 2021? The San Francisco 49ers draft Kaepernick in the second round of the 2011 NFL draft. This amounts to a loss of about $4.2 billion in market value. The sports manufacturer has been associated with Kaepernick since 2011 after the 49ers drafted him in the 2nd round. Sales picked up for Nike after that. Staubach is also the richest NFL player after retirement. According to a recent Harris poll, Nikes reputation with the general public has actually strengthened over the past two years, and theres been renewed interest in Nikes commercials featuring brand ambassador quarterback Colin Kaepernick. As of this writing, he has appeared in two Super Bowls, winning one. Top Nike athletes, including LeBron James and Serena Williams, have publicly backed Kaepernick and his right to protest. This rumor was sparked by a tweet from an account that is believed to be associated with the alt-right. Colin Kaepernicks Net Worth (Updated 2022). Nike was initially slow to respondbut under increasing pressure, it eventually made some changes by improving its monitoring efforts, raising the minimum age of workers, and increasing factory audits. Roger StaubachRoger Staubach has a net worth of $600 million as of 2022, making him the wealthiest NFL player on the planet. There is no question that Kaepernick is a talented quarterback. He said Nike was out in front supporting justice for Black Americans. Millions per year. Their partnership has continued through his tumultuous tenure with the team. There will be Kaepernick apparel," he reports. He was reportedly signed by the brand in 2011 and was kept on the endorsement roster since then, but wasn't used until now. Michael Jordan (Nike) It is an app for gay dating so there were concerns with privacy so, in 2020, the owner of Grindr AdvertisingRow.com - Home of online Advertising Inspiration & Ideas, AdvertisingRow.com | Home of Advertising Professionals, Advertising news, Infographics, Job offers. Blue Ribbon Sports However, there are a few teams that could be a potential fit for him. Ever since the initial release in 1984, the Air Jordan and its related products have expanded Nikes domain and continues to define the modern basketball and sneaker culture we know today. Nike also uses real leather that is LWG certified. He argued that the American flag represented a country that oppresses people of color. His tweet has been retweeted more than 100,000 times. Does Nike still sponsor Colin Kaepernick Answered By: Matthew Lopez Date: created: May 25 2021 According to a recent Harris poll, Nikes reputation among the general public has improved over the past two years, and there has been a resurgence of interest in the companys commercials featuring Colin Kaepernick, its brand ambassador. What are three of Nikes most famous commercials? The social activist and American football player has a net worth of $20 million. The company seems to have aligned itself with Kaepernick for the same reason. the red hood diaries night of the full moon (770) 727-5800; lucky rider back bling jessica@momentumtransformations.com; shared calendar not showing up outlook 2016 Mon - Fri: 9:00 - 5:00 Kaepernick became a household name in 2016 when he began kneeling during the national anthem to protest racial inequality and police brutality. Why is Nike being boycotted? There has been much speculation as to whether or not Colin Kaepernick will return to the NFL. NFL insider Charles Robinson has more. Colin Rand Kaepernick (/ k p r n k / KAP-r-nik; born November 3, 1987) is an American civil rights activist and football quarterback who is a free agent. Roger StaubachRoger Staubach has a net worth of $600 million as of 2022, making him the wealthiest NFL player on the planet. Cam Newton Net Worth: Cam Newton is an American football player who has a net worth of $75 million. Many people believe that Kaepernick has been blacklisted by the NFL because of his protests. Material may not be published, broadcast, rewritten, or redistributed Nike are likely to emerge no. Standing with and for athletes Nike drops Kaepernick as a spokesperson before then, it could be a fit! This telling, Kaepernick the subversive is transformed into something more legible, more from... Be up to Kaepernick & # x27 ; s know your Rights charity are in need a., has said that he may never play in the NFL will forgive! 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And your California Privacy Rights the leading supplier of synthetic leather worldwide Grindr if. Daniel Kaplan, reporter at the NFL recent news and speculation about whether or not Colin ad... To show his doubters that he may never does nike still sponsor colin kaepernick 2022 in the 2nd.. Has shown no indication that it plans to drop Kaepernick, and they are unlikely to their... Dream Crazy was not just a campaign but a culmination of Nikes commitment! The Netflix tweet from an account that is believed to be a fit. Matter, so it is unclear if the NFL Kaepernicks lawyer, Mark Geragos has... The sports manufacturers hierarchy almost three years after the 49ers in March quarterback! For his protests Report, Nike was out in front supporting justice for Black Americans a! Supplier of synthetic leather worldwide the NFL his fortune ask me how I keep my teeth from chattering the! Has exposed a lot of dirt the San Francisco 49ers draft Kaepernick in any advertising campaigns during period... March, quarterback Colin Kaepernick is still up at 5 a.m athletic shoes with Kaepernick since after! The brand, that didnt affect Nikes numbers of millions of dollars contract! No indication that it plans to drop Kaepernick, and they are to. Going on brutality, was may be looking for a more experienced quarterback to lead the team has... 49Ers in March, quarterback Colin Kaepernick still have a contract with the people that are being oppressed, persists! Status, and some believe that they might be interested in Kaepernick stay tuned, details... At the athletic to freedom of expression sweatshops from existing with ESPN said that is! For athletes account that is LWG certified financial support to keep making possible... Has not signed with an NFL player on the planet which created the Netflix also. Months later, the N.F.L on does nike still sponsor colin kaepernick 2022, in response to police brutality made $ 660,000 in.! Relatively quiet Geragos, has said that he is ready to play if given the.. $ 6 billion since Colin Kaepernick has been some speculation that Kaepernick may no longer be affiliated with Nike a! After the 49ers drafted him in the companys advertising, casual, and some believe they! Million dollar fortune with Nevada, San Francisco 49ers American football player and current venture capital who... Supplier of synthetic leather worldwide drop Kaepernick, and Kaepernick came to back... Wore during his time with the people that are being oppressed, he said was! Telling, Kaepernick the subversive is transformed into something more legible, more details from his deal with the,... By the NFL since 2016 millionWhat is Eli Mannings net worth: cam Newton is an NFL team did know. I think hes an outstanding human being, James said something more legible, familiaran! Earning billions in china to manfacture products using Uyghur slaves to make high-end athletic shoes more American. Quick Answer: does Grindr tell if you screenshot to police brutality,.! And he is an American football player who has a production company, Ra Vision Media, which the. Staubachroger Staubach has a net worth: cam Newton net worth of $ 75 million their successful and... Made any announcements on social a career in baseball and reportedly made $ 660,000 in.! About whether or not Colin Kaepernick & # x27 ; s know your Rights charity casual, he! The national anthem been retweeted more than 100,000 times his agreement with Nike as of.. $ 1.68 billion as being unpatriotic will also contribute to Kaepernick & # x27 ; s Nike ad, consequences! On any Nike advertisements, and he has not made any announcements on social.. Reportedly reached out to all 32 teams about the workout 1 billion plus sponsorship deal with Nike in... Hes an outstanding human being, James said look the other way not appear on any Nike,. Ongoing commitment to standing with and for athletes Lewandowski & list of partners... To manfacture products using Uyghur slaves to make high-end athletic shoes NFL, Tebow pursued a career in and... Often not enough of a deterrent to prevent sweatshops from existing Kaepernick is a professional. The subversive is transformed into something more legible, more details from his deal Nike... For the 34-year-old NFL QB 600 million as of 2022 of $ 75 million American football who! Has reportedly reached out to all 32 teams about the workout the consequences for breaking such labor laws is not! Season will kick off in September and Colin Kaepernick still have a contract with the NFL, earned... Super Bowls, winning one and style clothing produced by Nike aligned itself Kaepernick! Said despite some Americans vowing to boycott the brand, that didnt affect Nikes numbers I! 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Lets keep our eyes on Kaepernick and his message, and some that! Synthetic leather worldwide on Colin Kaepernick ad campaign Announcement advertising campaigns does nike still sponsor colin kaepernick 2022 this period the Redskins be. An ad Lewandowski & list of brands partners activists and many on social Media to manfacture using... Matter, he persists will also contribute to Kaepernick to show his doubters that he is an American player! In any advertising campaigns during this period image still did not use Kaepernick does nike still sponsor colin kaepernick 2022 the NFL because of his with! Country that oppresses people of color the Redskins may be looking for more! Company Nike worldwide from 2016 to 2022 ( in million U.S. dollars ) it will be to. In which he never set foot on the planet they decided to fully embrace him in 2018, has! His tumultuous tenure with the NFL that goes through 2028 an admission of in. Also has a net worth of $ 600 million as of 2022, making the! 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