“I am excited to be able to work with a young Swiss company that’s on the up,” Federer was quoted as saying in extract of an interview to be published on Sunday. Without disclosing the actual size of his investment, Federer, 38, said he has put a substantial amount into the nine-year-old Zurich-based company.

 

 

 

 

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We wanted even more Swiss precision. We found it. Meet the newest member of the On team. As an entrepreneur, Roger Federer will work with us to create the next generation of Swiss-engineered performance shoes and the future of On. He’ll help us keep building the athlete spirit in our winning team. Because if there’s anyone who knows about winning, it’s him. Read why Roger is joining On in the New York Times, link in bio. And to see how Roger’s first On assignment goes, follow us right here. #onrunning #runonclouds

A post shared by On ☁️ (@on_running) on Nov 23, 2019 at 2:20am PST

“It’s a chunk of money big enough that I had to think about it carefully,” the newspaper cited him as saying. “I wanted to make a mark to show On how much I believe in the company and that I am planing for the long term with them.”

Read also: Roger Federer leaves Nike for Uniqlo in blockbuster deal

While Federer won’t take up a formal role at On, the company expects to release its first shoe that the star helped develop next year. On has 500 employees, 250 of which are based in Zurich. The company’s been profitable since 2014, the newspaper reported and, citing estimates, generates annual sales of as much as 200 million francs ($200 million).

Last year, Federer signed a contract with Fast Retailing Co. Ltd.’s Uniqlo brand that broadcaster ESPN reported to be worth $300 million over 10 years.

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