15-07-2014, 06:28 AM
So, the end of the Nike relationship and the start of a new one with Adidas, which will be worth £750 million over 10 years! A new sponsorship record!!!
Read more at http://www.bbc.com/news/business-28282444
Quote:Sportswear giant Adidas has signed a £750m deal to make Manchester United's kit for 10 years from next season.
It comes after US rival Nike decided to end its association at the end of the 2014-15 season.
Nike has been paying United £23.5m a year, and the new deal is worth a world record-breaking £75m ($128m) a season to the Old Trafford club.
Champions League winner Real Madrid's £31m-a-year deal with Adidas was previously the biggest club deal.
Adidas will provide training and playing kit to all the club's teams and will have the exclusive right to distribute dual-branded merchandising products worldwide.
The huge sum involved is only £40m less than the Glazer family paid for the club in 2005.
Read more at http://www.bbc.com/news/business-28282444