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Report: Adidas to Terminate IAAF Sponsorship

German sporting wear giant Aidas AG will end its sponsorship of the International Association of Athletics Federations (IAAF) four years early due to a doping scandal, a report by the British broadcaster BBC said. Adidas is the largest sponsor of the organization with an 11-year contract, worth $33 million, that was due to expire in 2019. The British broadcaster, quoting anonymous sources, said losses for the organization could be in the tens of millions of dollars as a result of the...

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