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Athletics-Coe steps down from ambassadorial role with Nike

Reuters - UK Focus

MONACO, Nov 26 (Reuters) - IAAF president Sebastian Coe announced at a news conference on Thursday that he will step down from his ambassadorial role with sportswear company Nike (Sao Paolo: NIKE34F.SA - news) .

Coe has worked as a paid ambassador for Nike but faced repeated questions about a potential conflict of interest.

An internal Nike email leaked this week appeared to show him supporting the bid of Eugene, the U.S (Other OTC: UBGXF - news) . city with close links to the company, to host the 2021 world athletics championships.

(Editing by Toby Davis)