Tag Heuer drops Sharapova over drug test

Swiss watch brand TAG Heuer says it is dropping its sponsorship of Russian tennis star Maria Sharapova after she admitted failing a drug test on Monday.  “Maria Sharapova was under contract with TAG Heuer until December 31, 2015. We had been in talks to extend our collaboration. In view of the current situation, the Swiss watch brand has suspended negotiations and has decided not to renew the contract,” the unit of French luxury goods group LVMH said in a statement on Tuesday. Sharapova, 28, a five-times grand slam champion said she had failed a drug test at the Australian Open in January because of a substance, meldonium, she was taking for health issues.  She is the seventh athlete in a month to test positive for meldonium, which is used to treat diabetes and low magnesium, and was only banned by the World Anti-Doping Agency (WADA) as of January 1. The news lead sponsors Nike and Porsche to announce they were suspending ties during the investigation. The former ...