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Nike and Neymar part ways

American multinational corporation, Nike on Saturday has confirmed that it has parted ways with the Brazilian football star Neymar, ending one of its most renowned sponsorship deals a decade and a half after signing the star striker when he was 13-year-old.

“I can confirm Neymar is no longer a Nike athlete,” said a spokesman for the Nike sportswear, Josh Benedek.

According to our sources,  Neymar was 19 years old when he signed his first deal with Nike as a youth at Brazilian side Santos. Neymar’s last deal with Nike was an 11-year contract that was only set to end in 2022, worth a total sum of $105mn (€88.1m).

Media reports suggest that the 28-year-old PSG and Brazilian top footballer was in talks with Nike’s German rival Puma; after Nike and Neymar had failed to reach a deal for renewing his contract.

However, Neymar will continue to wear Nike apparel on the pitch, since the brand sponsors both his present club Paris Saint-Germain and his national team Brazil.

Neymar’s personal brand, already wrecked by tax fraud allegations over his murky transfer to Barcelona, was further badly dented last year when a Brazilian woman accused him of raping her.

Nike expressed its deep concern at that time, but stood by the player after police closed the case, due to lack of evidence.

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