The agreement between United and the German sportswear company, which serves as its official uniform supplier, extends through 2035 and “has a minimum cash guarantee of 900 million pounds (USD 1.15 billion), subject to certain adjustments,” according to the team.
The English club confirmed Monday that Manchester United and Adidas have extended their agreement for an additional 10 years, which will be worth more than $1 billion.
With a minimum payment guarantee of 900 million pounds (USD 1.15 billion), subject to certain revisions, United’s contract with the German sportswear company to serve as its official uniform supplier continues through 2035, making it the most lucrative in Premier League history, according to the team.
Adidas CEO Bjorn Gulden said, “It is very natural for us to continue our cooperation.”
In order to satisfy both the players and the fans, we will combine tradition with innovation. “We are eager to keep working with one of the most storied football clubs,” said the company. The agreement for the club’s single largest revenue source gives stability at a time when it is up for sale. United’s American ownership is currently reviewing offers from English businessman Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani.
From 1980 to 1992, Adidas provided United’s uniform, and the two companies resumed their collaboration at the start of the 2015–16 season.
