One of the leading sports wear manufactures Nike has put on hold its contract worth $50 Million with tennis star Maria Sharapova after she she admitted using a banned drug.Other sponsors who might soon suspend their contract with the former world number one tennis star are American Express,Porche etc.
Her statement,
“I did fail the test and take full responsibility for it,”
“I know that with this, I face consequences,”
“I don’t want to end my career this way. I really hope that I will be given another chance to play this game.”She said, and Nike released their suspension statement saying
Nike's statement,
“We are saddened and surprised by the news about Maria Sharapova. “We have decided to suspend our relationship with Maria while the investigation continues. We will continue to monitor the situation.”
TAG Heuer statement,
"Maria Sharapova was under contract with TAG Heuer until December 31, 2015. We had been in talks to extend our collaboration. In view of the current situation, the Swiss watch brand has suspended negotiations and has decided not to renew the contract," the company said in a statement.
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