German sports wear manufacturing company Puma has terminated its four-year contract with the Athletics Federation of Nigeria.
Puma in a letter dated Wednesday, 4th August 2021 and signed by the company’s director Manuel Edlheimb said it was officially notifying the Athletics Federation of Nigeria of its termination of Sponsoring and Licensing Agreement.
The letter reads: “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.”
The AFN under the leadership of Engr Ibrahim Gusau signed a four-year contract with Puma in 2019 and was due to expire in 2022.
Part of the contract is that Puma will supply apparels to all age categories to Nigeria’s Athletics team for four years.
It is claimed that in addition, gold medallists at the Olympic Games will earn $15,000, silver medallists will get 5,000 while a bronze medal will fetch athletes wearing the Puma apparel at the games $3000.
The contract however hit the rocks as other members of the last AFN board alleged that the contract was signed as a “No Disclosure” which meant that only Gusau and his former technical director knows the details of the deal. The AFN Secretary Niyi Beyioku who is also meant to be a signatory of the contract going by the constitution of the federation has swore that he does not know anything about the deal.
The minister of Youth and sports Sunday Dare had therefore vowed in a statement that Nigerian athletes to the Tokyo Games would not wear Puma apparel.