Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Sports / Football News/  Neymar, longtime sponsor Nike part ways after 15 years
BackBack

Neymar, longtime sponsor Nike part ways after 15 years

Neymar currently holds the record for the most expensive football transfer in history
  • Media reports said the 28-year-old Paris Saint-Germain and Brazil talisman was in talks with Nike's German rivals Puma
  • Paris St Germain's Neymar (REUTERS)Premium
    Paris St Germain's Neymar (REUTERS)

    Nike said Saturday it had parted ways with Neymar, ending one of its most high-profile sponsorship deals a decade and a half after signing the star striker as a 13-year-old prodigy.

    "I can confirm Neymar is no longer a Nike athlete," a spokesman for the US sportswear giant, Josh Benedek, said in an email to AFP, without giving further details.

    Media reports said the 28-year-old Paris Saint-Germain and Brazil talisman was in talks with Nike's German rivals Puma.

    Brazilian news site UOL said Neymar and Nike had failed to reach a deal on how much money he would be paid for renewing his contract.

    It said negotiations between the company and the footballer's agents had run into trouble months ago.

    Neymar's communications team did not immediately respond to a request for comment.

    Puma likewise did not immediately respond to questions about reports the company was in talks to sign him.

    Neymar, who is fresh off the heartbreak of narrowly losing the Champions League final to Bayern Munich, currently holds the record for the most expensive football transfer in history.

    PSG paid 222 million euros to bring him from Barcelona in 2017.

    Forbes magazine, which ranks him the world's seventh highest-paid celebrity, estimates his earnings for this year, including sponsorship deals, at $95.5 million.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Sports News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 30 Aug 2020, 06:37 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App