nike , inc . notes to consolidated financial statements 2014 ( continued ) such agreements in place . however , based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to the company 2019s financial position or results of operations . in the ordinary course of its business , the company is involved in various legal proceedings involving contractual and employment relationships , product liability claims , trademark rights , and a variety of other matters . the company does not believe there are any pending legal proceedings that will have a material impact on the company 2019s financial position or results of operations . note 16 2014 restructuring charges during the fourth quarter of fiscal 2009 , the company took necessary steps to streamline its management structure , enhance consumer focus , drive innovation more quickly to market and establish a more scalable , long-term cost structure . as a result , the company reduced its global workforce by approximately 5% ( 5 % ) and incurred pre-tax restructuring charges of $ 195 million , primarily consisting of severance costs related to the workforce reduction . as nearly all of the restructuring activities were completed in the fourth quarter of fiscal 2009 , the company does not expect to recognize additional costs in future periods relating to these actions . the restructuring charge is reflected in the corporate expense line in the segment presentation of pre-tax income in note 19 2014 operating segments and related information . the activity in the restructuring accrual for the year ended may 31 , 2009 is as follows ( in millions ) : .

Table: restructuring accrual 2014 june 1 2008 $ 2014 severance and related costs 195.0 cash payments -29.4 ( 29.4 ) non-cash stock option and restricted stock expense -19.5 ( 19.5 ) foreign currency translation and other 3.5 restructuring accrual 2014 may 31 2009 $ 149.6

the accrual balance as of may 31 , 2009 will be relieved throughout fiscal year 2010 and early 2011 , as severance payments are completed . the restructuring accrual is included in accrued liabilities in the consolidated balance sheet . as part of its restructuring activities , the company reorganized its nike brand operations geographic structure . in fiscal 2009 , 2008 and 2007 , nike brand operations were organized into the following four geographic regions : u.s. , europe , middle east and africa ( collectively , 201cemea 201d ) , asia pacific , and americas . in the fourth quarter of 2009 , the company initiated a reorganization of the nike brand business into a new operating model . as a result of this reorganization , beginning in the first quarter of fiscal 2010 , the nike brand operations will consist of the following six geographies : north america , western europe , central/eastern europe , greater china , japan , and emerging markets . note 17 2014 divestitures on december 17 , 2007 , the company completed the sale of the starter brand business to iconix brand group , inc . for $ 60.0 million in cash . this transaction resulted in a gain of $ 28.6 million during the year ended may 31 , 2008. .

Question: what was the percentage gain on the sale of starter brand business?
Answer: 91%
Calculation: divide(28.6, subtract(60.0, 28.6))