Novak Djokovic's sponsorship deal with Peugeot comes to an end: Report

According to report from Sport Klub journalist Sasa Ozmo, Novak Djokovic has parted ways with French automobile company Peugeot, who have been key sponsors of the Serb since 2014.

The French company is said to have sustained heavy losses during the pandemic, prompting them to end their deal with Djokovic, who is one of their highest-profile clients. The report also suggests that the World No. 2's stance on vaccination has not played a part in ending the sponsorship.

Peugeot did, in fact, stick with Novak Djokovic during his recent controversies. The Serb was deported by Australian authorities after his attempts to defend his Australian Open title with a medical exemption failed.

The 34-year-old made his position clear on vaccinations in a recent interview, following which the French company clarified that they support the player. Their logo was even seen on his kit at the 2022 Dubai Open.

"We anticipate the Peugeot brand will be represented at the tournament in Dubai on Mr. Djokovic's shirt," a Peugeot spokesperson told Reuters. "Peugeot has taken note of Mr. Djokovic's statements and is glad that he has expressed himself."

Novak Djokovic's 2022 schedule remains uncertain

Novak Djokovic ahead of 2022 Dubai Duty Free Tennis Championships

Novak Djokovic played his first tournament of the 2022 season at the ATP 500 event in Dubai last week. The Serb defeated Lorenzo Musetti and Karen Khachanov in straight sets before bowing out to Jiri Vesely in the quarterfinals.

The 34-year-old, who has now dropped his World No. 1 spot to Daniil Medvedev, remains uncertain about where he will play next. Many tournaments across the world are expected to instate a mandatory vaccination policy, like the one at the Indian Wells Masters next week, which means the Serb will not be able to play.

After winning three Majors last year, Djokovic finds himself trailing in the all-time Slam race once again following Rafael Nadal's Australian Open triumph. If the Serb is unable to defend his points at Roland Garros and Wimbledon this year, he is likely to see a steep drop in the rankings.

Djokovic could fail to qualify for the ATP Finals for just the second time in 16 years, and could also potentially drop out of the top 10 of the world rankings.