Manchester United and Nike are calling it quits
08/05/2014 18:00
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Manchester United and Nike Set to Stop Equipment Partnership
LONDON -- After 13 years, Nike and Manchester United are calling it quits.
Nike has announced it will end its role after the approaching season, where the team's jerseys will feature the logos of Nike and the American automaker Chevrolet, which includes a separate sponsorship deal as the primary equipment manufacturing company of the English football powerhouse.
Nike signed a contract with Manchester United in 2002 worth the very least of or at the current exchange rate. The relationship with among the English Premier League's best-known teams has helped spur Nike's sales of football equipment over time.
The Financial Times reported that such a deal could be worth up to?750 million over a decade, making it one of the most lucrative equipment sponsorship deals in sports.
