Buffett Expands Print Media Biz.

Buffett Expands Print Media Biz.

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By Keith Weir LONDON, April 1 (Reuters) - Sportwear company Nike came under fire on Tuesday after England World Cup shirts went on sale for a price of up to 90 pounds ($150) ahead of this years tournament in Brazil. The U.S. company said the top price was for a limited edition shirt which was an exact copy in terms of material, fit and finish of what the England players will wear. A more basic replica shirt costs 60 pounds. British newspapers branded the shirts a rip-off but Nikes German rivals Adidas and Puma are charging similar prices for the shirts of major countries they are supplying at the World Cup. Fans in London said they would be reluctant to pay so much for an England shirt. An ideal price would be 30 to 40 pounds, which is acceptable, said Greg Brown, 35. I tend to buy football shirts at the end of the season at half price to save money. The England shirt is usually a big seller with fans who take pride in wearing the national team jersey during major tournaments and the pricing added to broader concerns that supporters are being exploited for their loyalty. The anger generated by the 90 pound price tag for an adult England shirt is symptomatic of a wider issue of the games traditional fan base being edged out by the growing costs of being a supporter, said opposition Labour party sports spokesman Clive Efford. The Football Association said the Nike deal helped to fund the game in England at all levels. The FA is a not-for-profit organisation that puts 100 million pounds back into the game every year. It is through relationships with partners such as Nike that we are able to maintain that level of investment in football, it said. WORLD CUP BATTLE Adidas and U.S. rival Nike are battling for supremacy in a soccer kit industry worth more than $5 billion annually. Puma is the third-ranked player. Nike is supplying 10 of the 32 finalists including hosts Brazil, France and the Netherlands. Adidas has nine teams and Puma is kitting out eight. For related graphic, click on http://link.reuters.com/jed57v Puma is selling authentic blue Italian national team jerseys for $180 on its website, the shirts coming with special athletic tape on the inside to massage the muscles of the player or indeed fan. A simpler version costs half that price. Italy play England in the jungle city of Manaus on June 14 where heat and humidity are expected to play a part in deciding the contest. Adidas is selling replica shirts for countries including Germany, Argentina and Spain for 60 pounds but the price rises to 80 pounds for the top of the range German jersey. Story continues Mark Perryman, a member of the England Supporters Club, said sales would ultimately be dictated by results on the field. The shirt will fly off the shelves if England beat Italy, said Perryman, adding that it would be discounted rapidly if England struggled to make an impact in Brazil. ($1 = 0.5998 British Pounds) (additional reporting by Lavinia De Luca, editing by Ed Osmond) View comments
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