Manchester United Renew Partnership With Adidas By 10 Years in Deal Worth More Than USD One Billion
The deal for the club's single biggest source of revenue provides stability at a time when it is up for sale, with United's American ownership weighing up offers from Qatari banker Sheikh Jassim bin Hamad Al Thani and English businessman Jim Ratcliffe.
Manchester United announced a 10-year extension to its partnership with Adidas that the English club said Monday will be worth more than $1 billion.
United's deal with the German sportswear brand as its official uniform supplier runs to 2035 and "has a minimum cash guarantee of 900 million pounds (USD 1.15 billion), subject to certain adjustments," the team said, making it the most lucrative in Premier League history. Manchester United Likely To Announce Decision on Mason Greenwood’s Future at Club on August 14 Ahead of Their EPL 2023-24 Opening Match
"It is very natural for us to continue our cooperation," Adidas CEO Bjorn Gulden said. "We will combine tradition and innovation to please both the players and the fans." "We look forward to continuing our partnership with one of the most iconic clubs in football." Manchester United Goalkeeper Andre Onana Loses Cool, Yells at Harry Maguire After Latter's Mistake Almost Resulted in a Goal for Borrusia Dortmund in Club Friendly (Watch Video)
The deal for the club's single biggest source of revenue provides stability at a time when it is up for sale, with United's American ownership weighing up offers from Qatari banker Sheikh Jassim bin Hamad Al Thani and English businessman Jim Ratcliffe. Adidas supplied United's uniform from 1980-1992 and the partnership started again at the beginning of the 2015-16 season. AP
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