Top American gymnast Simone Biles is seeing nothing but support from her big-name sponsors since she chose to pull out of the team finals and individual all-around competition at the Tokyo Olympics so she can focus on her mental health.
And experts say her sponsorships are only expected to grow from here, noting that Biles could become “a very potent athletic spokeswoman for mental health.”
After the 24-year-old gymnast withdrew from competition at the Olympics, Biles, whose reported net worth is estimated between $6-10 million, “received an outpouring of support from both the public and her sponsors, including Visa, United Airlines, Gap’s Athleta, Core Power, Nabisco and Uber Eats,” a FOX Business report outlined.
Top sports agent Leigh Steinberg told FOX Business that Biles could become “a very potent athletic spokeswoman for mental health.”
“This has been someone who’s been in the public eye for a long time, has a pristine record, and there will be people who think this is her finest moment,” Steinberg said. “Athletic achievement is valuable but helping people deal with life problems is an even greater service and so I think she comes out of this well.”
“She could still be in multiple-hundred-thousand-dollar deals or long-term deals,” he added. “At the height someone could be doing seven-figure deals, but that would be a long-term relationship with a company that would involve television and print ads, social media and all the rest of it.” – READ MORE