Chelsea strike record £900m kit deal with Nike - News Summed Up

Chelsea strike record £900m kit deal with Nike


Chelsea have clinched the most lucrative overall kit deal in British football after agreeing a contract with Nike worth a staggering £900 million. The club announced that Nike will take over from adidas on July 1 next year but did not disclose the terms of the deal - worth £60 million a year for the next 15 years - beyond saying it is the “largest commercial deal in the club’s history”. 40 Millions of pounds that Chelsea have reportedly paid adidas to terminate their existing kit dealManchester United’s kit deal with adidas is worth more per year - £75 million – but is only over ten years, worth a total of £750 million. The annual…


Source: The Times October 13, 2016 16:07 UTC



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