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OLYMPIC STAR IN COURT WITH MANAGERS AS A RESULT OF NIKE DEAL

          Australian Olympic Gold Medalist Cathy Freeman says
     that she was "naive and inexperienced" when she agreed to a
     four-year, A$1M (US$526,000) marketing deal with Nike,
     according to Jacquelin Magnay of the Melbourne AGE, who
     writes that Freeman "ended up netting" only A$5,000
     (US$2,600) a year plus some licensing payments from the
     deal.  The statement stems from a court case where Freeman's
     former manager and partner Nick Bideau and financial adviser
     Peter Jess are suing her for breach of a management
     contract.  Freeman blames the two for the poor return on her
     Nike deal, which Bideau and Jess negotiated on behalf of the
     Melbourne Int'l Track Club (MITC).  Freeman left MITC in
     May, leading to the lawsuit.  Freeman claims that MITC was
     "unjustly enriched" by the Nike agreement, and filed
     documents stating she was at a "special disability" because
     Bideau and Jess were "aware of her lack of business
     experience" at the time the Nike deal was signed.  She is
     demanding damages from MITC for promoting and marketing her
     name, and claims the management deal is void.  Freeman also
     claims that Nike agreed to pay A$1M to MITC for the
     "marketing and promotional services of her and other
     athletes, but that most of that sum was for" her services. 
     The case is continuing (Melbourne AGE, 11/30).

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