Nike Inc said on May 28 that it split ways last year with Brazilian soccer star Neymar because he refused to cooperate in an investigation into sexual assault allegations leveled against him by a Nike employee.
The sports apparel giant said in a statement it viewed the allegations about an incident in 2016 as "credible" but also said an independent investigation it commissioned was inconclusive.
"No single set of facts emerged that would enable us to speak substantively on the matter. It would be inappropriate for Nike to make an accusatory statement without being able to provide supporting facts," a report in Reuters quoted the statement.
Neymar, who currently plays for Paris St Germain, denies the allegations, his spokeswoman said in a statement.
Neymar's spokeswoman said the athlete would vigorously defend himself if any claim is presented, describing the allegations as baseless and adding that the endorsement deal ended for commercial reasons.
Neymar, the world's most expensive soccer player, partnered with Puma in September. The sportswear company declined to comment when asked by Reuters if the allegations affected the partnership.
The 15-year relationship between Neymar and Nike officially ended in 2020, with him later signing a deal with Puma. Nike did not give a reason for the split at the time.With inputs from agencies