Monday, 14 July 2014

United and Adidas sign £750m deal

Manchester United and Adidas, have signed a kit-sponsorship deal, that will see the club pocket about £750m over a 10-year period.

According to a statement on the club's website, The agreement will become active at the start of the 2015/2016 season.

"Manchester United pc (NYSE:MANU) has reached a ten-year agreement with adidas for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of GBP 750 million, subject to certain adjustments, beginning with the 2015/2016 campaign."

"For te 2014/2015 season, Nike will continue in its role of technical sponsor and trademark licensee."

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