Manchester United line up record kit deal with Adidas
MANCHESTER UNITED are set to clinch a record-breaking £60million-a-season kit deal with Adidas after Nike pulled out of negotiations because the club asked for too much.
Manchester United - who recently signed Luke Shaw - are set to announce a major deal with Adidas[MANCHESTER UNITED]
The proposed Adidas contract is understood to be worth more than double the £24m a season United earn from their current deal with Nike, which ends next summer after a 13-year partnership.
And it dwarfs the £21m Adidas pay to provide the kit for all the NBA teams in the US.
A Nike statement read: “Any partnership with a club or federation has to be mutually beneficial and the terms that were on offer for a renewed contract did not represent good value for Nike’s shareholders.
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“United are a great club with passionate fans. We are proud to have been partners for the past 12 years and will continue to sponsor the club until the end of the 2014-15 season. We look forward to a successful final season with the club.”
Nike’s original deal, signed in 2002, was worth £303m, with extra income from a profit-share agreement from merchandise.
United unveiled their new home kit for the upcoming season yesterday – which will be the last designed by Nike and the first to bear the logo of new shirt sponsor Chevrolet.
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