Maria Sharapova dropped a bombshell on Monday at a press conference, revealing she had tested positive for Mildronate or Meldonium, which was banned from January 1 this year. Just hours later, she lost her eight-year contract with sportswear brand Nike, where she has her own clothing line.
Swiss watch brand TAG Heuer has now followed suit, saying that its contract with Sharapova had expired at the end of 2015 and it has pulled out of negotiations on a new agreement.
Porsche has also said, that while they are ‘certainly not dumping’ Sharapova, they are currently ‘not pursuing any further activities’ with her.
‘We have enjoyed a very good relationship with Maria Sharapova during our partnership,’ Viktoria Wohlrapp, Head of Sports Communications at Porsche told MailOnline
‘We are saddened by the recent news announced by her, and until further details are released and we can analyze the situation, we have chosen to postpone planned activities.
‘This could go either way, but we are certainly not dumping her.
Sharapova earns $30million a year in endorsements, according to Forbes. Current endorsements include American Express, Avon, and Evian.