German sportswear manufacturing company Puma has announced the termination of their four-year kits contract with the Athletics Federation of Nigeria.
“We are referring to the licensing and sponsoring agreement signed between our company and your federation.
“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.
“PUMA especially declares to be discharged from any or all obligations towards all stakeholders involved and reserves all rights against these entities and individuals,” read the statement which was signed by PUMA’s Director Manuel Edlheimb.
This move followed the Nigerian Sports Ministry refusing to allow Team Nigeria athletes use Puma kits at the ongoing Olympic Games despite the Gusau group sending them to Tokyo. Highlighted benefits in the contract included supplying apparel to all age categories to Nigeria’s Athletics team for four years at no cost. In addition, gold medalists at the Olympic Games will earn $15,000; silver medalists will get $5,000, while a bronze medal winner would get $3,000.
