The Swiss watch company TAG Heuer announced its decision to suspend the sponsor contract with Russian tennis player Maria Sharapova due to the doping scandal.
The company said that the term of the contract expired on December 31, 2015. However, TAG Heuer has decided not to renew it.
"We were negotiating the contract’s extension. Due to the situation, the company has decided to suspend the negotiations and not to renew the contract with Sharapova," TAG Heuer’s statement reads.
Earlier, the sportswear manufacturer Nike had suspended the contract with Maria Sharapova until the end of investigation.
On Monday, Sharapova admitted she had failed doping control during the Australian Grand Slam in January. The sportswoman explained that she had been taking mildronate during the past 10 years. The drug, which was legal at that time, was recommended by her family doctor. Its usage was banned on January 1, 2016, but Sharapova says she had no idea about this.
Nike was one of the main sponsors of the Russian tennis player. In addition to Nike and TAG Heuer, she has six personal sponsor contracts with Cole Haan, Head, Samsung, Evian, and Porsche.