According to Barcelona-based daily newspapers Diario Sport and Mundo Deportivo the deal will be worth €155m (£120 million) a season and would run until 2026. That would dwarf the current £75 million a season, 10-year deal Manchester United agreed with Adidas last year.
The new kit deal makes it worth over €1B to Barca, money that can now used to sign Neymar and Luis Suarez to new deals, and also finance the expansion of the Camp Nou.
‘FC Barcelona and NIKE, Inc. have extended their current sponsorship deal, which was due to end on June 30, 2018,’ Barcelona said on Saturday.
‘The long-term agreement is a landmark in global football and builds upon a highly successful partnership.’
President Josep Maria Bartomeu added:
‘We are excited by this new agreement and are confident we will be able to celebrate continued sporting successes together.’
The announcement will take off the urgency on Barcelona agreeing a shirt deal. At the moment Barca are yet to agree a shirt sponsorship deal for next season as talks with current sponsors Qatar Airways have stalled.
MOST EXPENSIVE KIT DEALS