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New kit deal reported to be worth £40m a year over the next decade
Sportswear giant Nike and Premier League champions Manchester United are reportedly due to discuss a new 10-year kit deal worth £40m per season, or £400m over the next decade.
Yesterday’s News of the World (July 3), claims the club and Nike are about to open talks on the deal, with Nike’s current 10-year, £23.5m-a-season agreement due to expire in 2015. Nike replaced Umbro in 2002 as kit supplier to the 19-time league winners and Manchester United have received £303m over the course of the tie-up.
Nike has kit deals with the French national side and European champions Barcelona, with both of these deals reported to be worth more than the agreement between it and Manchester United.
The News of the World quotes a source at United as saying: "The club have made big efforts on the commercial side over the last 12 months but the kit deal is the real big one.
"The Glazer family [owners] are well aware what United's brand is currently worth. It's not gone unnoticed that kit deals have been taken to another level since the club entered into our original agreement."
Click here for the full story from the News of the World