Nigeria, Puma, Tokyo Olympics

Nigeria, Puma

Tokyo Olympics: PUMA terminates $2.67m contract with Nigeria

Tokyo Olympics: PUMA terminates $2.67m contract with Nigeria

8/5/2021 11:03:00 AM

Tokyo Olympics : PUMA terminates $2.67m contract with Nigeria

German sportswear manufacturing giants, PUMA , has terminated its four-year deal with the Athletics Federation of Nigeria (AFN). PUMA confirmed this in a

German sportswear manufacturing giants, PUMA, has terminated its four-year deal with the Athletics Federation of Nigeria (AFN).PUMA confirmed this in a letter dated Wednesday, August 4, 2021, and signed by the company’s director Manuel Edlheimb.“We are referring to the licensing and sponsoring agreement signed between our company and your federation.

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“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,” it read in part.The $2.76m deal was signed on July 24, 2019.

However, it led to a major crisis within the AFN that led to the emergence of two factions.Ibrahim Gusau and Sunday Adeleye were accused of sidelining other board members.Part of the contract stipulated that PUMA will supply kits to all age categories at no cost. headtopics.com

In addition, gold medalists at the Olympic Games will get $15,000, silver medalists will receive 5,000 while a bronze medal will fetch athletes wearing the PUMA apparel at the games $3,000.However, the Federal Ministry of Youth and Sports led by Sunday Dare, rejected offers for the Team Nigeria athletes to wear the kits in Tokyo, insisting the contract is “a subject of a criminal investigation”.

Read more: Daily Post Nigeria »

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What was he going to do? Sell the kits? Nigeria was doing so good too. This is the result of incompetent leadership. If only the minister were a honorable man, he would resign without prompting. PUMA get SundayDareSD arrest with immediate effect. If not the NGRPresident bpsr_ng NgSenate HouseNGR will switch to adidasoriginals adidas this is business and not politics

Greed killing Nigeria! Una go learn by force! Zoological Republic of Nigeria breed criminals and terrorist Very unfortunate Good news Shaming us every where..... Money to sponsor something, una still chop am... Nawa oo 2023 should come already abeg ☹️☹️☹️ Let's change this government first, hopefully, things will begin to turn around for the better...

This is a welcome development.

Puma terminates $2.76m AFN kits deal - Punch NewspapersThe most widely read newspaper in Nigeria Nigeria deserves it. But not the Athletes! 😭 What a country 😁 What corruption can not destroy in Nigeria doesn't exist. Can sports administration ever get worst in this country?

Hmm

BREAKING: PUMA terminates $2.67m contract with athletics federation after FG's rejection - Punch NewspapersThe most widely read newspaper in Nigeria Nigeria Leaders will disgrace you yesterday, today, tomorrow and Forever. We only do cow in Nigeria... Taking us back to the 40's we I'm ashamed

Breach Of Contract As PUMA Terminates 4-Year Deal With AFNGerman sports wear manufacturing giants PUMA has terminated its four year deal with the Athletics Federation of Nigeria (AFN) worth $2.76m over breach of

BREAKING: PUMA terminates $2.67m contract with athletics federation after FG's rejection - Punch NewspapersThe most widely read newspaper in Nigeria Nigeria Leaders will disgrace you yesterday, today, tomorrow and Forever. We only do cow in Nigeria... Taking us back to the 40's we I'm ashamed

Breach Of Contract As PUMA Terminates 4-Year Deal With AFNGerman sports wear manufacturing giants PUMA has terminated its four year deal with the Athletics Federation of Nigeria (AFN) worth $2.76m over breach of

Puma terminates $2.76m AFN kits deal - Punch NewspapersThe most widely read newspaper in Nigeria Nigeria deserves it. But not the Athletes! 😭 What a country 😁 What corruption can not destroy in Nigeria doesn't exist. Can sports administration ever get worst in this country?