Maria Sharapova is one of the most famous Tennis stars in the world. She’s won plenty of Grand Slams and has become a bit of a hero for women looking to get into Sports. However, she’d done something rather unheroic recently and has failed a drug test that was taken.
As a result of failing her random drugs test, many of her biggest sponsors have suspended their contracts with her which has resulted in her losing a heck of a lot of money that she would potentially have earned.
The huge Sporting brand Nike have suspended their deal with Sharapova first. A deal that was worth around the $12.5m mark which is a huge part of Sharapova’s earnings.
UK-based sports marketing and sponsorship consultant Nigel Currie told Business Insider the deal was worth an estimated $100 million over eight years — Nike’s biggest deal for any of their female athletes.
According to Forbes, Sharapova is the world’s highest-paid female sports star. She has earned just under $30 million in Prize money and endorsements between June of 2014 and June of 2015.
In a statement from Nike, they have said: “We are saddened and surprised by the news about Maria Sharapova. We have decided to suspend our relationship with Maria while the investigation continues. We continue to monitor the situation.”
On top of Nike pulling out, the Swiss watchmaker TAG Heuer have also decided to suspend their contract with Sharapova until further notice.
A TAG Heuer representative sent Business Insider this statement: “Maria Sharapova was under contract with Tag Heuer until December 31[st,] 2015. We had been in talks to extend our collaboration. In view of the current situation, the Swiss watch brand has suspended negotiations.”
If the two previous enormous sponsors pulling out wasn’t enough, Porsche has also announced that they shall be suspending their deal with Sharapova until any sort of resolution is sorted.
In a statement sent to Sky Sports, Porsche said: “We are saddened by the recent news announced by Maria Sharapova. Until further details are released and we can analyze the situation, we have chosen to postpone planned activities.”
So how do you feel about all this? Do you think Sharapova is silly in having failed her drug test considering how much she clearly has to lose? Or do you think the companies are in the wrong for not backing their highest paid female athlete? Let us know in the comments below!