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Showing posts with the label Adidas

Champions League penalty for United

Manchester United will be hit with a £10 million penalty every time they fail to qualify for the Champions League under the terms of their new £90 million-a-year kit deal with Adidas. The clause will come into force from next year and is a change to the existing deal, whereby United were only penalised if they did not qualify for the competition for two seasons in a row. The original ten-year deal, worth £750 million, expires in 2025. The new one runs until 2035 and the details were included in United’s half-yearly financial accounts, released this week. Bonuses up to a maximum of £4.4 million a year will be paid should either United’s men’s or women’s team win “the Premier League or Women’s Super League respectively, FA Cup or continental competitions”. The original penalty clause was never invoked, as United never missed out on the Champions League for two consecutive seasons, but had they done so it would have prompted a 30 per cent deduction, worth about £22 million. Th...

£300m kit deal for Arsenal

Arsenal have officially confirmed their new five year kit deal with Adidas: New kit deal At £60m-per-season, that marks the partnership out as one of the most lucrative in world football, equal with Chelsea but behind Manchester United's deal with Adidas - the biggest in England - and Barcelona's with Nike - the biggest in the world - which are worth £75m and £120m-a-year respectively. The new deal will start in July 2019 when the current deal with Puma ends.