The Blaugrana club has decided to continue the adventure with the American equipment manufacturer until 2038. With a nice jackpot at stake.
FC Barcelona announced on Saturday that it had concluded a new agreement with the American equipment manufacturer Nike, a partnership which could reach 1.7 billion euros by 2038 according to the Spanish press. Nike has been manufacturing the Catalan club's jersey and other kits since 1998, and the previous agreement was due to expire in 2028.
“Barcelona and Nike, two leading brands in the sports industry, are pleased to announce a new beginning with a multi-year partnership agreement, effective from this season”wrote Barça in a press release. FC Barcelona did not reveal the duration of the agreement or the amount, but, according to press reports, it could bring the club 1.7 billion euros and would extend until 2038.
The Spanish club attempted to terminate its previous contract with Nike earlier this year, but was prevented from doing so in July by a Spanish court specializing in commercial law. FC Barcelona has been experiencing financial difficulties for several seasons and in 2022 sold 25% of its TV rights for the next 25 years to the American investment fund Sixth Street.
