Roger Federer Retires: How Tennis Star Bet Against Nike And Won Big

Roger Federer, a tennis legend, announced his retirement on Thursday (Sept. 15). Federer retires from the sport as one of the highest-paid athletes in history, ranking third for men in Grand Slam victories.

Federer made the decision to stop playing tennis professionally at the age of 41 and after taking part in more than 1,500 professional matches.

What Happened

The forthcoming Laver Cup, in which he will represent Team Europe against Rafael Nadal, Andy Murray, and Novak Djokovic, will mark the tennis player's final professional match.

As many of you are aware, I have faced difficulties over the past three years as a result of injuries and operations. I've put a lot of effort into getting back to my best for competition. I am aware of the capabilities and limitations of my body, and lately, it has been communicating with me clearly.

Federer has a 1251-275 record during the course of his professional tennis career. Federer's professional tennis playing career has brought approximately $130.59 million in earnings.

Federer’s Earnings

Federer only played in a handful of matches during the previous two years, thus his earnings on the court were $0 in 2022 and $647,655 in 2021.

From 1994 through 2018, Federer was associated with the clothing and footwear manufacturer Nike Inc (NYSE: NKE). Federer left Nike after making almost $10 million annually over the previous ten years of their partnership.

Big Decision Pays Off

Federer later secured a reputed 10-year, $300 million contract with the Japanese clothing business Uniqlo. The new Nike contract's $30 million in yearly revenues was much larger and included two crucial elements.

Due to the lack of a retirement provision in the Uniqlo contract, the $30 million yearly payments will continue until 2028, regardless of whether Federer participates in sports. Federer was free to wear any shoes he desired because the agreement excluded shoe rights.

After the Nike contract expired, Federer wore Nike shoes before eventually switching to On Holding AG of Switzerland (NYSE: ONON). Federer received a 3% financial investment in On Holding in addition to becoming a brand ambassador for the company.

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