Modified Jul 31, 2023 13:06 GMT
Manchester United have reportedly reached a 10-year agreement with Adidas worth a staggering £900 million.
According to The Guardian’s Chris Wheeler, the deal is the biggest in Premier League history. It is worth £90 million per season and is an increase on the £750 million deal they agreed on back during the 2015-16 season.
Adidas replaced Nike as Manchester United‘s kit supplier in 2015 and will continue to do so for the next 10 years. The agreement means the club have secured certainty around their single biggest source of revenue for the next decade.
The Red Devils and the German sportswear company released a joint statement regarding the new deal. They explain that the new deal puts focus on the club’s women’s team (via ESPN):
“The new deal increases the focus on the Manchester United women’s team since their reintroduction in 2018.”
However, the agreement raises doubts over the Glazers’ potential sale of the Red Devils as they have secured extra investment. The Old Trafford outfit has been placed up for sale since November but there is still no end in sight regarding the matter. Qatari banker Sheikh Jassim bin Hamad al-Thani and British billionaire Jim Ratcliffe have been battling it out for ownership.
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