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Football: Manchester United agree record $1.6b adidas deal

Published on Jul 14, 2014 9:17 PM
 

LONDON (REUTERS) - Manchester United have agreed a record 750 million pounds (S$1.6 billion) deal with Adidas for the German sportswear company to supply shirts and kit to the former English football champions.

The 10-year deal announced on Monday is a world record for a football club and is more than double the 31 million pounds-a-year contract adidas was reported to have with Spanish side Real Madrid, previously the biggest deal.

Its total value is also just 40 million pounds less than United's American owners, the Glazer family, paid for the club in 2005.

Nike, the world's largest sportswear group, had sponsored United since 2002 but earlier this month pulled out of a bidding war with adidas, meaning that the 2014-15 season will be its last as a partner of the 20-times English champions.

Manchester United have agreed a record 750 million pounds (S$1.6 billion) deal with Adidas for the German sportswear company to supply shirts and kit to the former English football champions. -- PHOTO: REUTERS
 
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