Nike is the new sponsor of the Spanish Basketball Association. Pau Gasol, Marta Fernández and their teammates will be in Nike shirts earlier this month. Gasol himself was at Nike's Madrid office last week to announce a partnership between the American brand and the Spanish basketball federation, starting from next year. Nike takes over from Li Ning, after the Chinese brand's Spanish licensee and distributor, LN Plus Iberoamericas, was declared bankrupt in July. The Spanish men's team won silver at the London Olympics.