German sportswear manufacturing giants PUMA has terminated its four-year contract with the Athletics Federation of Nigeria (AFN).
It would be recalled that the Athletics Federation of Nigeria lead by Engr Ibrahim Gusau signed a 4-year contract with PUMA in 2019 and was due to expire in 2022.
Part of the contract is that PUMA will supply kits to all age categories to Nigeria’s Athletics team for four years at no cost.
But PUMA in a letter on Wednesday, August 4, which is signed by the company’s director Manuel Edlheimb, said the termination was as a result of Nigeria’s athletes’ inability to wear the brand at the ongoing Tokyo 2020 Olympics.
"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".
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