Nike sues Virat Kohli for breaching contract

[trundlerNO1]

Nike sues Virat Kohli for breaching contract In its suit filed on Tuesday, Nike claimed Kohli had breached the contract by disagreeing to continue as its brand ambassador till 2014. The five-year contract from 2008 was extendable by one year. The Karnataka High Court on Wednesday ordered issuance of emergent notice to cricketer Virat Kohli on a suit filed by sports giant Nike accusing him of breach of an endorsement contract with it. Justice Huluvadi G Ramesh directed Kohli to maintain status quo for the next four weeks regarding endorsement deal signed with Nike and adjourned the case. In its suit filed on Tuesday, Nike claimed Kohli had breached the contract by disagreeing to And Indian Express report says that Nike had entered into a contract with Virat Kohli from 1 January 1, 2007 to 31 December 31, 2007. The deal was renewed for the period between 1 August 2008 and 31 July, 2013 for exclusive endorsement rights. According to The Hindu, Kohli was paid Rs.1.42 crore for the contract that carried a clause for extension for another year i.e. till 31 July, 2014 with certain conditions.continue as its brand ambassador till 2014. The five-year contract from 2008 was extendable by one year. Nike, in its suit, has pleaded with the court to restrain Kohli from entering into or negotiating any endorsement deal with any third party until the expiry of the deal, company counsel Aditya Sondhi said.

http://sports.ndtv.com/cricket/news/212708-nike-sues-virat-kohli-for-breaching-contract

[Austin 3:!6]

Nike is Jealous of Kohli :beee:

[jj_28]

Kohli next contract will be worth 10 times that, he will probably pay a little cash to get out of it and then sign a mega deal with another sports giant

[Jersey #10]

10 crore deal on it's way! I have no doubts. Kohli plays all three formats plus the IPL - that's a lot of exposure from a trump player for any company. I think adidas will take him up on a contract and pay off w/e fines Kohli has with Nike.

[Swing_n_Speed]

10 crore deal on it's way! I have no doubts. Kohli plays all three formats plus the IPL - that's a lot of exposure from a trump player for any company. I think adidas will take him up on a contract and pay off w/e fines Kohli has with Nike.

+1. Kohli has way to much exposure for most marketing companies to let up. Major endorsement moolah coming Kohli's way.

[G_B_]

just how dumb are Nike? they would see what a big star he has become and offer him 10 crore directly for a 3 year deal. Isnt Pepsi offering Virat a similar deal? Virat is probably going to goto Adidas now.

[Executioner]

1.42 crore for 5 years? Understandable as he was a rookie earlier

[Malcolm Merlyn]

Nike being an idiot.Kohli most likely will win this and Nike will get more bad publicity. Sent from my GT-I9103 using Tapatalk 2