Nike and Chelsea have officially confirmed a new kit sponsorship agreement, thought to earn Chelsea
£60m per year.
Nike officially announced today that it has signed an agreement with Chelsea that will see the US brand kit out the London club.
As reported in May, Chelsea and adidas severed their agreement early, but Nike had offered a financial incentive that will prove more lucrative to Chelsea, despite them having to pay adidas £40m in settlement.
Chelsea will join Manchester City as the only two Premier League clubs to be sponsored by Nike, although globally Nike are very well represented with the likes of Barcelona, PSG, Roma, Boca Juniors and Zenit Saint Petersburg.
Nike brand president Trevor Edwards:
Chelsea is a world-class club with a rich tradition and passionate fans across the globe. The partnership with Chelsea reinforces our leadership position in football. We are excited to help grow the club’s global reach, serving players and supporters with Nike innovation and design.
Chelsea Switch from Adidas to Nike
The deal term has not been officially disclosed, however, it is thought to last until 2032. With Nike paying £60m a season, Chelsea are set to see income of £900m from Nike over the next 15 years.