Nike suspends contract with Pistorius

LONDON Thu Feb 21, 2013 3:56pm IST

Oscar Pistorius stands in the dock during a break in court proceedings at the Pretoria Magistrates court, February 20, 2013. REUTERS/Siphiwe Sibeko

Oscar Pistorius stands in the dock during a break in court proceedings at the Pretoria Magistrates court, February 20, 2013.

Credit: Reuters/Siphiwe Sibeko

Stocks

   

LONDON (Reuters) - American sportwear company Nike (NKE.N) suspended its endorsement contract with South African Paralympian Oscar Pistorius on Thursday after he was charged with murdering his girlfriend a week ago.

Nike has sponsored Pistorius since 2007, supplying him with running kit and special soles that he wears on the base of his carbon fibre racing blades.

"We believe Oscar Pistorius should be afforded due process and we will continue to monitor the situation closely," the company said in a statement, confirming the suspension of the agreement.

Nike, the world's largest sportswear company, ended a long-standing sponsorship agreement with cyclist Lance Armstrong last year after he was stripped of his seven Tour de France titles because of a doping scandal.

Nicknamed "Blade Runner", double amputee Pistorius is the world's highest profile Paralympian and also competed alongside able-bodied athletes in the London Olympics last year.

His sponsorship deals with companies including British telecoms firm (BT.L), sunglasses maker Oakley (LUX.MI) and French designer Thierry Mugler are believed to be worth around $2 million a year.

(Reporting by Keith Weir; Editing by Lorraine Turner and Angus MacSwan)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Soccer

REUTERS SHOWCASE

Corruption Watch

Corruption Watch

Australia players given amnesty 'window' to report graft.  Full Article 

T20 Squad

T20 Squad

Watson named in Australia's T20 squad for South Africa.  Full Article 

Vienna Open

Vienna Open

Murray battles past Ferrer to clinch Vienna Open title.  Full Article 

Serena Upset

Serena Upset

Serena slams "sexist" slur by Russian federation chief.  Full Article 

Kremlin Cup

Kremlin Cup

Cilic and Pavlyuchenkova claim Kremlin Cup titles.  Full Article 

Cricket Update

Cricket Update

Angry India may scrap 2016 West Indies tour.  Full Article 

Sickness Woes

Sickness Woes

Chinese champions fall ill at home competition.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage