German sportswear manufacturing giants PUMA has terminated its four-year contract with the Athletics Federation of Nigeria (AFN).
Okay.ng understands that PUMA made this announcement via a letter dated Wednesday, August 4, 2021, and signed by the company’s director Manuel Edlheimb.
According to the letter, the termination of the deal as a result of Nigeria’s athletes’ inability to wear the brand at the ongoing Tokyo 2020 Olympics.
It explained that the action breaches the contract entered by AFN under the leadership of Ibrahim Gusau on July 24, 2019, in Doha.
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“We are referring to the licensing and sponsoring agreement signed between our company and your federation,” the letter reads partly.
“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.”
This news platform understands that Nigerian Athletes did not wear the kits provided by PUMA over an alleged leadership tussle between the Ibrahim Gusau-led AFN board and that headed by the Minister for Youths and Sports, Sunday Dare.