Why Josh Giddey likely to lose $40,000,000 amid police investigation into his underage girl relationship?

Josh Giddey had a promising start to his professional career with the Oklahoma City Thunder. Unfortunately for the young star, just when things started going well for him, off-court controversies have seemingly caught up with his NBA career.

With allegations of being involved with a minor, Giddey’s professional career is in grave jeopardy while his personal fortune could also take a significant hit. If found guilty, brands associated with the player will pull out of a mega endorsement deal that could see him lose up to about $40,000,000.

Why Josh Giddey likely to lose $40,000,000?

In the midst of an NBA investigation and charges regarding an inappropriate relationship with an underage girl, Thunder guard Josh Giddey faces long-term implications. The 21-year-old Australian, who was previously a Weet-Bix brand ambassador, is in danger of losing a lucrative $40 million sponsorship deal due to the ongoing issue.

The firm behind Weet-Bix, Sanitarium Health Food Company, has already removed Giddey from their social media accounts, indicating a potential break in their relationship. Despite the circumstances, Sanitarium has yet to cut relations with Giddey, citing that they need more information before making any choices.

This upheaval jeopardizes Giddey’s endorsements as well as his status as a brand ambassador. The Police investigations are going on amid uncertainty surrounding Giddey’s financial and career prospects, casting a shadow over his previously promising career trajectory in the league.

The charges, which first surfaced on social media, drew a lot of attention from the entire NBA community. Giddey elected not to remark on the topic at the Thunder’s media session, casting a cloud of uncertainty over the situation. Giddey’s future relationships, job stability, and rich brand sponsorships are all jeopardized while the investigations continue.

Josh Giddey under police investigation for underage girl relationship

The Newport Beach Police Department is investigating charges of an inappropriate interaction with a juvenile against Oklahoma City Thunder player Josh Giddey. The probe was initiated by anonymous reports on social media that the 21-year-old Australian athlete was having an intimate relationship with a minor in California.

Widespread information, including photographs and videos purportedly showing Giddey with the juvenile, prompted authorities to investigate the authenticity of these claims and determine probable legal offences. While the NBA has launched an inquiry, Giddey has yet to respond to the charges.

The age of consent in California is 18, while it is 16 in Oklahoma. The simultaneous NBA and law enforcement investigations indicate the gravity of the matter, with potential consequences for Giddey ranging from criminal charges to professional repercussions.

Thunder head coach Mark Daigneault confirmed Giddey’s availability for the upcoming game against the Minnesota Timberwolves, emphasizing the team’s commitment to dealing with basketball issues while the investigations are ongoing. Giddey, who has been a key player for the Thunder so far, is currently averaging 12.1 points, 5.8 rebounds, and 4.8 assists in the 2023-2024 NBA season.

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