Manchester United & Adidas confirm kit deal worth £750m over 10 years!

Just a week after Nike released their final Manchester United kit and news emerged that the pair would not continue their partnership, the whopping details of the new Adidas deal have been confirmed.

According to an official report on Manchester United’s website: “Manchester United plc (NYSE:MANU) has reached a ten-year agreement with adidas for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of GBP 750 million, subject to certain adjustments, beginning with the 2015/2016 campaign.

For the 2014/2015 season, Nike will continue in its role of technical sponsor and trademark licensee.”

The full press release from Adidas is featured on a Tweet below.

Adidas themselves claim: “This collaboration marks a milestone for us when it comes to merchandising potential. We expect total sales to reach 1.5 billion GBP during the duration of our partnership.”

For comparison, Chelsea’s 10-year-deal with Adidas is worth 300 million pounds.

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