From the moment Maria Sharapova announced that she had failed a drug check in a l. a. lodge, hundreds of thousands of bucks were going on the line.
The tennis professional admitted in a news convention on Monday that she had failed a drug check for taking mildronate, often known as meldonium. Sharapova claims she had been the use of the remedy for 10 years beneath doctor’s orders, for numerous conditions, and didn’t read a letter sent on the end of remaining year including the drug to a banned substance list.
The Russian player stated she used to be now waiting for word of her punishment and expressed be apologetic about for letting her lovers down and the game she has been enjoying since the age of four.
however sponsors wasted no time in distancing themselves from Sharapova, through some estimate the most highly paid feminine athlete in the world. Forbes stories she earned nearly $ 30 million between June 2014 and June 2015, with simply $ 7 million of that total all the way down to prize money.
The sponsor decoupling began with Nike Inc. NKE, -3.28% with whom Sharapova has had a relationship with for years.
Sharapova’s drug test: What’s meldonium?
Russian tennis celebrity Maria Sharapova admitted that she examined positive for meldonium at this yr’s Australian Open. She had been taking the prescription drug for 10 years, but what’s it and why did she take it?
“we are saddened and surprised through the news about Maria Sharapova. now we have made up our minds to droop our relationship with Maria while the investigation continues. we will be able to proceed to monitor the location,” the company stated in an emailed statement.
a picture of Sharapova remained on the company’s web site on Tuesday for its NikeCourt line.
A identical observation got here from Porsche Automobil maintaining AG PAH3, -1.55% PAH3, -1.55% PAH3, -1.55% Sharapova turned into a brand ambassador of the Stuttgart-based totally sports activities car manufacturer in April 2013.
“we’re saddened via the contemporary news announced by Maria Sharapova. unless additional details are released and we are able to analyze the placement, we now have chosen to put off planned actions,” according to an emailed statement from a Porsche spokesperson.
TAG Heuer, whose luxurious timepieces may also be seen on the wrist of the Russian tennis big name in shiny journal ads, went further. The Swiss watchmaker introduced Tuesday that its 12-year relationship with Sharapova was once completed.
“Maria Sharapova was once underneath contract with TAG Heuer except December 31, 2015. We had been in talks to extend our collaboration. In view of the present scenario, the Swiss watch model has suspended negotiations, and has determined not to renew the contract with Mrs. Sharapova,” the corporate said in an emailed observation.
The tennis superstar has other sponsors. Listed on her website as a associate, water brand Evian, owned by using Danone SA DANOY, +0.02% BN, -zero.66% didn’t right away respond to request for an update on its relationship with her, nor did credit-card crew American categorical AXP, +1.22% or sports gear maker Head NV.
Cosmetics team Avon merchandise Inc. AVP, +1.68% declined to comment. Sharapova is co-proprietor of a candy company, Sugarpova, which additionally might no longer be reached for remark.
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