674513

Chelsea Ends Partnership With adidas, Signs Contract With Nike For Over $1 Billion

Chelsea Ends Partnership With adidas, Signs Contract With Nike For Over $1 Billion

Chelsea Nike Contract 15 Year Deal

Chelsea has announced a new 15-year £900 million sponsorship with Nike to start during the 2017-2018 season, thus ending their current deal with adidas. This will be the largest kit partnership in the history of English football clubs, as the sponsorship will come in at roughly £60 million per season (still behind the yearly total of Manchester United’s 10-year £75 million contract with adidas).

Chelsea director Marina Granovskaia had this to say about the new partnership between the Blues and the Swoosh: “This is an incredibly exciting and important deal for the club. Like Chelsea, Nike is known around the world for its excellence and innovation and we look forward to working together in what is sure to be a successful partnership. We believe Nike will be able to support our growth into new markets as well as helping us maintain our place among the world’s elite football clubs.”

Trevor Edwards, President of Nike Brand also chimed in: “Chelsea is a world-class club with a rich tradition and passionate fans across the globe. The partnership with Chelsea reinforces our leadership position in football. We are excited to help grow the club’s global reach, serving players and supporters with Nike innovation and design.”

What do you think about Chelsea’s switch from the three stripes to the Swoosh? Stay tuned for more updates right here on Sneaker News.

Source: Nike News

Latest News

Nike Spins Regal "Metallic Gold" On The Air Pegasus Wave

Whether your personal rooting interests are with the Swoosh or elsewhere, there’s no denying that Nike is often playing in a different tier than most...

by Matt Varga 13 hours
418

RAFFLE CLOSED: Travis Scott Jordan 1 Low "Velvet Brown"

Update: The official raffle for the Travis Scott Jordan 1 Low “Velvet Brown” is closed as of 9:45 PM — winners have been notified You...

by Matt Varga 13 hours
108065

Unheardof Founder Teases The adidas Adistar Cushion 3 “Piggy Runner”

Following a series of Rivalry Low touch-ups, Cincinnati sneaker store Unheardof is linking back up with the Three Stripes for an Adistar Cushion 3 collaboration....

by Andrew Rizzo 14 hours
453