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CONFIDENTIAL

Memorandum

To
The Chief Executive Officer
From
The Chair
Re
challenges with first elite sponsorship
Date
14 August 2026

Your first major athlete — a $2.4M marathoner signed to take on Nike — failed a doping test Sunday. WADA goes public tomorrow, the $4M campaign launches Friday, and her agent is asking whether you'll stand by her if she fights it.

Bring a pen. Do not bring slides.

— The Chair14 · VIII · MMXXVI