Adidas 1996 Annual Report Download - page 59

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Please find page 59 of the 1996 Adidas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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The Company is currently engaged in various lawsuits resulting from the normal
course of business. Although it is reasonably possible that some of the matters
could be decided unfavorably against the Company, in the opinion of management,
the outcome of the pending lawsuits will not result in a significant impact on the
consolidated financial position as of December 31, 1996.
19. Related parties Robert Louis-Dreyfus and Christian Tourres, members of the Board of Directors of
adidas AG, have indirect influence on the football club Olympique de Marseille.
Robert Louis-Dreyfus is also the president of this club. The Company has entered
into promotion contracts with said club. The promotion contracts are similar to
those entered with other clubs.
20. Subsequent events The Company will realign its corporate structure in 1997. In the future, adidas Inter-
national B.V. will be responsible for international license business of the adidas
brand and international promotion activities.
Herzogenaurach, February 19, 1997
The Board of Directors of adidas AG
59