As per multiple sources, PSG and Brazil superstar Neymar will bring his 15-year partnership with Nike to an end.
After a 15-year relationship, Nike have decided to call a close on their sponsorship with Neymar.
The deal was reportedly worth up to £78.6m in total.
Neymar first signed a deal with the American sportswear giants back in 2005. He was only 13 at the time. During his rise to stardom at Santos, they even supplied sports equipment for the club.
Neymar renewed his Nike contract after winning the Copa Libertadores in 2011, with the contract extended to 2022.
But after failing to agree terms over another extension, both parties will end their relationship.
On Saturday, Nike announced their intention to put an end to their contract with the PSG forward.
“Neymar Jr will not be a Nike player after August 31, 2020,” a Nike spokesperson said to AFP.
The 28-year-old did not appear in their latest worldwide campaign, ‘You Can’t Stop Sport’. The ad campaign included Juve star Cristiano Ronaldo.
Several outlets from Brazil including UOL claim Neymar is now set to sign with German supplier Puma for a new partnership.
The forward’s switch of allegiances could be bad news for Paris Saint-Germain with Nike the club’s kit supplier.
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