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Sunday, July 20, 2014

Adidas signs $1.3b deal with Man Utd.

Manchester United, Adidas Sponsorship Deal Well its official, Man U and Adidas have signed a $1.3 billion deal as Adidas takes over from Nike after the '14-'15 season, and in spectacular fashion I might add.  The new deal has completely dwarfed the market, more than doubling the expense of the nearest supplier contract (also Adidas at $49 million a year to Real Madrid).  The deal, apart from being mind-numbingly large, is not the only new source of revenue that Man U is picking up in the coming years.  Apart from the Adidas deal, Man U has also (earlier this summer) inked their deal with sponsor Chevrolet, which reportedly pays out 80 million a year paying out over half a billion over the course of the seven year contract.  For those of you who follow the financial sector, you'll know that Chevy actually fired CEO shortly after striking the deal with Man U.  While there was much speculation that the termination was due to the financials of the deal, the real reason is that the Chevrolet board needed to purge themselves of the evil that would allow this abomination of a jersey to be released on the world.



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