Arsenal are on the verge of striking historic deal with Adidas
Reports are circling suggesting English soccer giants Arsenal are set to reunite with German sportswear brand Adidas as their new kit sponsor.
Adidas originally designed the red army’s kit in the late 80’s early 90’s and if they sign the huge five-year deal, it would become the third most valuable in soccer history.
The deal is said to be worth UK£300 million over the course of five seasons, which works out at UK£60 million per year.
Puma is currently only paying £30 million per year but Arsenal has refused to confirm any long-running reports regarding a switch to Adidas at this stage.
The news of this deal comes only a few months out from the renewal of the club’s main shirt sponsorship deal with Dubai-based airline Emirates which is worth UK£200 million until the end of the 2023/24 season.
When the Emirates extension deal was announced in February, the club’s chief executive, Ivan Gazidis said: “Emirates are again demonstrating their great belief in our approach and ambition and their significantly increased investment will help us continue to compete for trophies and bring more success to the club and our fans around the world.”