Barca seal €150m Nike deal

By Daily Sports on October 30, 2016

Views: 3,494

Barcelona members passed a bumper contract extension with American kit manufacturer Nike that will see the Catalans make at least 150 million euros a season from 2018.

The initial deal, which smashes Manchester United’s previous record £750 million (835 million euro) deal 10-year deal with Adidas, will run until 2023 when Barca’s members will have the chance to vote in favour of a further five-year extension.

“It is a figure which puts us number one in the world for sponsorship in the sports industry,” Barca vice-president Manuel Arroyo told the club’s annual general meeting on Saturday.

“The fixed rare of the contract increases 48 percent and the royalties also increase.

“From this season (2018-19), the total turnover of the deal will be around 155 million euros.”

Barca confirmed in May they had reached a deal to continue their partnership with Nike, which began in 1998, without releasing the value of the deal.

The agreement will be a huge boost to Barcelona’s aim to be the first football club to break the one billion euro revenue barrier by 2021.

The Spanish champions overcame eternal rivals Real Madrid with a record turnover of 679 million euros last season.

Members on Saturday also passed a budget of 695 million euros for this season, a massive 392 million of which will go on sporting salaries.

However, that figure could even rise as president Josep Maria Bartomeu said the club are working on renewing the contracts of star forwards Luis Suarez and Lionel Messi after Neymar recently extended his deal to 2021.

“These strikers are spectacular. Believe that our principal objective is that they all stay here,” Bartomeu said of Barca’s ‘MSN’ frontline.

“Neymar has renewed and now we are trying so that Suarez stays here for many years to come and then we will speak with Messi of course. He is the catalyst, the one that makes everything else function.” (NAN)

•Photo shows Lionel Messi

Source Daily Sports

Posted October 30, 2016


 

You may also like...
Onazi Joins Lithuanian Champions, Zalgiris

African Games Update: FG Splashes N46m on Team...

Mikel says Nigeria will qualify for World Cup...

NFF’s last directive to Oliseh before he resigned...

Juventus To Use Rabiot In Jorginho Talks With...

Real Overcome Getafe Test To Put Pressure On...

 

Latest News Arsenal seek record win against Leicester Messi absent for first time since 2005 as Ballon d’Or nominees are unveiled Africa’s best, Asisat Oshoala, nominated for 2022 Ballon d’Or Nigeria is third best nation at 19th UFAK WAC Nottingham Forest bid £20m for Super Eagles’ Emmanuel Dennis FIFA U- 20 Women’s World Cup: Nigeria pips France 1-0 ‘Asaba ready to host first Diamond Superstars Kickboxing Championship’ Former Portugal midfielder Chalana dies aged 63 First batch of athletes arrive to rousing reception in Abuja Barcelona sell off assets to make signings in attempt to restore glory days Even in victory Bencic feels Serena’s aura Real Madrid Vs Frankfurt – Preview And Predictions

 

Most Read Rangers International going, going . . . (50,087 views) Amaju Pinnick: A cat with nine lives (41,270 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (39,673 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (39,658 views) Sports Development: Zenith Bank on the zenith (39,390 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (39,235 views) Current issues in Nigerian sports: Matters arising (38,945 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (38,327 views) Olopade, BET9A wave of revolution in NNL (37,709 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (36,613 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (34,975 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (34,445 views)

 

 


 

News Athletics (445) Basketball (304) Boxing (736) Columnists (674) Euro Soccer Update (13657) Fans Assembly (6) From the Grassroots (68) Golf (124) Interviews (17) Live Commentary (7) News (8169) NPL Glo Premier League (1316) People and Places (22) Readers Parliament (10) Tennis (940)

 

 

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media