Nike suspends contract with Pistorius
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)
- Tweet this
- Share this
- Digg this
- UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- Malaysian plane with 239 aboard crashes - report
- UPDATE 3-U.S. FDA probes cognitive impact of new cholesterol drugs
- Malaysia Airlines loses contact with plane carrying 239 people
- No signal picked up from missing Malaysia Airlines plane - Vietnam official
Recent episodes of vomiting suffered by Barcelona forward Lionel Messi are "not normal" but they do not affect his performance and there is no cause for alarm, coach Gerardo Martino said on Friday. Full Article
"Everything is fine", Pistorius told guard after shooting girlfriend. Full Article