LONDON (AFP) - Manchester United have started talks with "multiple parties" as they attempt to secure a lucrative new kit manufacturing contract, the Premier League champions announced on Tuesday, Jan 28, 2014.
Their current 13-year deal with Nike, worth 303 million pounds (S$640 million), is due to end in 2015 and an exclusivity period enabling the US sportswear manufacturer to negotiate a new deal has now expired.
"We are currently in discussions with multiple parties regarding our global retail, apparel and product licensing business, starting in the 2015-2016 season," United said in a statement.
"This process is a routine practice used for our global and regional sponsorship deals and helps us maximise the value/structure of the club's partnerships."
United's commercial income will swell even further this year when a new shirt sponsorship deal with Chevrolet begins.
German companies Adidas and Puma and American sportswear firm Warrior have all expressed an interest in taking over the contract from Nike, according to reports in the British media.