
Nike has suspended its relationship with former number one Maria Sharapova just hours after admitting in a news conference she tested positive to banned substance in January Australia Open.
The contract that was renewed in 2010 for another 8 years is reportedly worth $70 million.
She had been found to have taken Mildronate – or Meldonium – which was prohibited from January 1 this year.
Nike In a statement, 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 will continue to monitor the situation.'

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