Adidas has written to the International Association of Athletics Federations (IAAF) to inform athletics’ embattled governing body it is terminating its sponsorship deal three years early, according to BBC reports.
The German sportswear company, one of the IAAF’s Official Partners, signed an 11-year agreement with the IAAF in 2008 reported to be worth around £23 million.
But the BBC reported that the body’s ongoing doping and corruption scandal has prompted Adidas to pull out of the deal.
According to the report, the move will result in tens of millions of dollars in lost income.
The BBC claims the IAAF was told Adidas was considering ending its relationship with them in November after the publication of the World Anti-Doping Agency Independent Commission’s first report, which detailed claims of “state sponsored doping” within Russia.
Last week the commission released a second report that accused the IAAF of having “embedded corruption” at the very top of the organisation under former president Lamine Diack.