Global sports brand, PUMA, has terminated its contract worth over $2.7 million with the Athletics Federation of Nigeria.
Director of PUMA, Edlheimb Manuel who disclosed this in a letter, said the contract was terminated after Nigerian athletes failed to wear the kits at the ongoing Olympics in Tokyo.
“As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020 and pursuant to clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect,” he said.
The contract which was signed in Qatar in 2019, stipulated that PUMA will supply kits to Nigeria’s Athletics team for 4 years at no cost. It also offered $15,000 to Gold Medalists, $5,000 to silver medalists and $3000 to bronze medalists.
The Athletics Federation of Nigeria is yet to release an official statement on the matter.
