Interesting piece in today’s Daily Mail about Manchester United’s kit deal with Nike, which is coming up for renewal in 2015.
Back in 2002, United signed a 13-year deal with Nike worth £303 million, plus a profit share on retail sales. Even without any profits, that translates to around £23 million a season.
The deal has been mutually beneficial to both parties with Man United fans buying 1.4 million shirts a year, tied with Real Madrid for most popular shirts worldwide.
United and Nike are set to begin renewal talks in February, and United chief of staff Ed Woodward, who presides over the club’s commercial operation, is looking for a ‘major increase’ from Nike.