Posted by Starting from July 2019, Adidas will be in charge of the production of Arsenal's kits.
The news was confirmed by the London club on Monday.
Arsenal, who currently earns less than the likes of Manchester United and Chelsea in sponsorship agreement, will be handed a massive boost in income next year.
The team's previous agreement with Puma saw them earn £30 million (N14.4 billion) per annum, with the five-year agreement signed amounting to £150 million (N71 billion).
With regards to the new deal with Adidas, the Emirates outfit, according to UK paper The Mirror, is expected to pocket an amount not less than £60 million (N28.5 billion) every year, with the gross income from the sponsorship deal amounting to £300 million (N142.6 billion) over five years.
As a result, the Londoners will possess the third most lucrative kit deals in football, behind Barcelona's £140 million (N66.5 billion) -a-year contract with Nike and Manchester United's £75 million (N35.7 billion) -a-year agreement with Adidas respectively.
The partnership between Arsenal and Adidas is nothing contemporary as the pair combined to produce sports gears between 1986 and 1994.
Following the announcement of the reunion, club legend Ian Wright shared a photo of himself sporting a kit made by the manufacturers in 1992.
While the contract with Arsenal will not be renewed in 2019, Puma is said to be eyeing a £50 million (N23.9 billion)- per-year deal with the English League champions Manchester City for next season.
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Post Summary
The German company succeeds Puma who has been in charge of making Arsenal's kits since 2014. The agreement between the Gunners and the latter ends in 2019.Arsenal and adidas have agreed a new kit partnership, effective from July 1, 2019 pic.twitter.com/ceZzq0elgs— Arsenal FC (@Arsenal) October 8, 2018
Arsenal, who currently earns less than the likes of Manchester United and Chelsea in sponsorship agreement, will be handed a massive boost in income next year.
The team's previous agreement with Puma saw them earn £30 million (N14.4 billion) per annum, with the five-year agreement signed amounting to £150 million (N71 billion).
With regards to the new deal with Adidas, the Emirates outfit, according to UK paper The Mirror, is expected to pocket an amount not less than £60 million (N28.5 billion) every year, with the gross income from the sponsorship deal amounting to £300 million (N142.6 billion) over five years.
As a result, the Londoners will possess the third most lucrative kit deals in football, behind Barcelona's £140 million (N66.5 billion) -a-year contract with Nike and Manchester United's £75 million (N35.7 billion) -a-year agreement with Adidas respectively.
The partnership between Arsenal and Adidas is nothing contemporary as the pair combined to produce sports gears between 1986 and 1994.
Following the announcement of the reunion, club legend Ian Wright shared a photo of himself sporting a kit made by the manufacturers in 1992.
While the contract with Arsenal will not be renewed in 2019, Puma is said to be eyeing a £50 million (N23.9 billion)- per-year deal with the English League champions Manchester City for next season.
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CONTENT REMOVAL
If you believe that this page has violated your copyrighted/protected material(s), please kindly Contact Us for immediate removal, or mail us at Gistfansofficials@gmail.com stating the content name/URL of the page. Thanks.
To upload your music on Gistfans and get massive download, contact us now:
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| Article Name | The Full Breakdown Of Arsenal's N142.6bn Adidas Kit Deal |
| Description |
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| Author Name | Head Admin |
| Published On | 10/08/2018 |
| Post Category |
English Premier League
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