• search

Barcelona extend lucrative deal with Nike

Written by: Staff

MADRID, Oct 27 (Reuters) European champions Barcelona have said they expect to earn 150 million euros (190 million dollars) after reaching an agreement to extend a deal with American sportswear giant Nike for an additional five years until 2013.

Barcelona's shirts have been made by Nike since 1998 and the club said that the new agreement included an option to extend the deal for a further five years until 2018.

''The agreement is an international recognition for success of the club on the pitch and for its social commitment,'' club president Joan Laporta said in a statement.

Nike president Mark Parker commented: ''Barcelona are one of the best and most attractive football teams to watch. We are delighted to extend this contract.'' Barca signed a deal with the United Nations in September which includes an agreement whereby they wear the name and logo of the organisation's children's agency UNICEF on their shirts.

It is the first time in 107 years of history that the Catalan club have worn advertising on their shirts.

Reuters DH RN1932

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more