Boat Contract With Nike In Middlesex
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Why record-shattering €1.7 billion kit deal will now be signed off. Barcelona's socios (club members) ratified a groundbreaking new partnership with Nike during an emergency assembly on Saturday.
In the highly competitive world of football sponsorships, Barcelona's deal with Nike is now among the most prominent.
Barcelona announced last weekend a new multi-year partnership with kit supplier Nike, extending and updating a deal which had been set to end in 2028.
Let's start with the length of the deal. Renegotiated terms are retroactive, meaning they kick in starting July 1, 2024 and will cover the remaining time of the Bartomeu deal (so until June 30, 2028) plus 10 years. All in all, we're tied with Nike until June 3, 2038.
FC Barcelona President Announces Record New $1.8 Billion Nike Deal, Reports SPORT. ByTom Sanderson, Senior Contributor.
Barcelona members (socios) ratified the club's new long-term agreement with Nike at an emergency assembly on Saturday, with president Joan Laporta claiming the deal is the biggest of its kind ever signed.
The FC Barcelona has officially renewed its contract with Nike until 2038 following an extraordinary assembly, where the agreement received overwhelming support from the club's socios compromisarios (419 votes in favor, 27 against, and 22 abstentions).
The contract is structured to increase, with a revaluation of between 10% and 15%. The total income from the agreement will amount to approximately €1.7 billion by 2038, the year the contract concludes. The renewal bonus will be €150 million, which will be prorated across the 14 years of the contract.
NIKE, Inc. and the National Football League today announced a landmark 10-year partnership extension, cementing their commitment to shaping the future of football and driving growth, innovation, and progress across the sport.
