Sports Business Correspondent
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Jul 8, 2014

Nike to end Man Utd sponsorship citing rising cost

LONDON, July 8 (Reuters) – U.S. sportswear company Nike Inc will not renew its long-running kit supply deal with former English soccer champions Manchester United after pulling out of a bidding war with a rival.

United are reported to be close to finalising a 10-year agreement with German sportswear company Adidas AG that could be worth 60 million pounds ($102 million) a season, a record for a club deal.

Jul 7, 2014

Nike to end kit supply deal with Manchester United – source

LONDON (Reuters) – U.S. sportswear company Nike will not renew a long-running kit supply deal with English football club Manchester United because of the cost of a new contract, a source with knowledge of the negotiations said.

Nike has been supplying United’s famous red shirts since 2002 but the current agreement expires next year. Its withdrawal is expected to clear the way for the club to sign a lucrative new deal with German sportswear company Adidas.

Jul 7, 2014
Jul 7, 2014

Nike to end kit supply deal with Man Utd – source

LONDON (Reuters) – U.S. sportswear company Nike will not renew a long-running kit supply deal with English soccer club Manchester United because of the cost of a new contract, a source with knowledge of the negotiations said.

Nike has been supplying United’s famous red shirts since 2002 but the current agreement expires next year. Its withdrawal is expected to clear the way for the club to sign a lucrative new deal with German sportswear company Adidas.

Jul 7, 2014

Soccer-Nike to end kit supply deal with Man Utd – source

LONDON, July 7 (Reuters) – U.S. sportswear company Nike will not renew a long-running kit supply deal with English soccer club Manchester United because of the cost of a new contract, a source with knowledge of the negotiations said.

Nike has been supplying United’s famous red shirts since 2002 but the current agreement expires next year. Its withdrawal is expected to clear the way for the club to sign a lucrative new deal with German sportswear company Adidas.

Jul 7, 2014
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Jul 6, 2014
    • About Keith

      "Sports Business Correspondent, a new role at Reuters. I was previously UK Chief Correspondent and have also worked in Italy, Ireland and the Netherlands during more than 20 years with Reuters. I have also worked as an editor in a number of senior roles."
      Joined Reuters:
      September 1988
      Languages:
      English, French, Italian, German and Dutch
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