Nike Enters Record Breaking Kit Deal With Barcelona

 

Barcelona have confirmed a long-term contract extension with American kit manufacturers Nike that will see the Catalan giants make at least 155m euros (£140m) a season from 2018. The initial deal, which smashes Manchester United's previous record £750m (835m euros) 10-year deal with Adidas, will run until 2023 when Barca's members will have the chance to vote in favour of a further five-year extension.

Manuel Arroyo, Barca vice-president said “It is a figure which puts us No 1 in the world for sponsorship in the sports industry, the fixed rate of the contract increases 48 per cent and the royalties also increase. From this season (2018-19), the total turnover of the deal will be around 155m euros.”

Barca confirmed in May they had reached a deal to continue their partnership with Nike, which began in 1998, without releasing the value of the deal. The agreement will be a huge boost to Barcelona's aim to be the first football club to break the one billion euro revenue barrier by 2021.