Real Madrid Close To Agreeing £1.4 Billion Kit Deal With Adidas
Real Madrid have reportedly agreed a mega £1.4 billion kit deal with Adidas.
The Spanish giants are close to agreeing terms which will last for 12 lucrative years.
Their current contract expires at end of the season, but a new deal is expected to be signed before the end of the campaign.
Real Madrid is close to agreeing to the richest uniform deal in sports, according to Spanish paper Marca. Deal with adidas would be worth $150 million a year for 12 years. pic.twitter.com/3skUk88aZP
- Darren Rovell (@darrenrovell) April 20, 2019
Real Madrid and Adidas have reached an agreement to sign a €1.6billion twelve-year deal, which will be signed before the end of the season. Real Madrid will become the highest-paid team sponsored by Adidas and earn as much as €120million per season. [MARCA] pic.twitter.com/sASRQUTJm7
- RMOnly (@ReaIMadridOnly) April 20, 2019
Real Madrid will become the highest-paid team sponsored by Adidas and the club will earn as much as £116 million per season.
They'll also claim back 20 per cent of all sales of club merchandise, and pocket £7.7 million in equipment and kit for the club's other teams.
What's more, Adidas will have their own retail store at the iconic Santiago Bernabeu, once the stadium's development is complete.
Their new contract with Adidas will eclipse Barcelona's £1 billion kit deal with Nike.
Meanwhile, Real Madrid and Adidas are going big for the 2019/20 season after it has emerged that images of the club's retro shirt has surfaced online.
Footy Headlines reports that the sports manufacturer has a long-sleeve retro shirt planned for its Icon range, bringing the design to life using the same templates previously used for Arsenal and Manchester United.
According to the publication, the Icon shirt has 'white with gold-metallic logos, including a monochrome club badge on the left chest and midnight navy accents in the form of the collar and sleeve cuffs.'
Footy Headlines added that the gold lines are placed around the whole of the collar and that the three-stripe design of the shirt is 'inspired by Adidas kits from the late 1980s/early 1990s is visible on the body as well as the sleeves.'