May 21, 2016 / 11:22 AM / in a year

Barcelona agrees to kit deal extension with Nike

MADRID (Reuters) - Barcelona have agreed an extension to their kit-manufacturing deal with Nike which Spanish media reported was the most lucrative arrangement of its kind in the world. The Spanish champions issued a statement saying details of the contract will be specified at their next general assembly. Barcelona-based daily newspapers Diario Sport and Mundo Deportivo reported that the deal could be worth 155 million euros ($174 million) a season and would run until 2026.

Barcelona's players attend a training session prior to Spanish Kings Cup final against Sevilla. Barcelona training - Joan Gamper training camp, Barcelona, Spain - 21/5/16. REUTERS/Albert Gea

“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.”

Reporting by Rik Sharma, editing by Ed Osmond

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