Global sports merchandise company, Puma, has terminated its 4-year deal with Nigeria, worth about $2.7 million over a kitting controversy for the Olympics.
This was disclosed in a letter signed by Puma’s International Sports Marketing Agency and addressed to the Athletics Federation of Nigeria on Wednesday evening.
Puma said: “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 added that it would be discharged from any and all obligations towards all stakeholders involved and reserves all rights against entities involved.
The is after the German Company became unsatisfied with the Athletics Federation of Nigeria and Nigeria’s Olympic Committee for kitting with a different sponsor, Afa Sports, as the official kits supplier for Team Nigeria, against the deal with Puma.