IAAF president Coe steps down from Nike role

IAAF president Sebastian Coe bowed to intense pressure and announced Thursday that he had stepped down from his paid role as an ambassador for Nike to focus more on cleaning up world track and field's beleaguered governing body. "It is clear that perception and reality have become horribly mangled," said Coe after an IAAF Council meeting. The situation was "not good for IAAF and not good for Nike".