The device agreement among Atletico Madrid and the Yankee sportswear giant Nike amounts to forty-five million euros consistent with yr. The deal become announced in 2014 after Nike failed to at ease a Manchester United kit deal. but, the agreement became signed in 2016.
Now take a look at the economic figures at the back of Atletico Madrid’s package address Nike:
| Contract | Details |
|---|---|
| Kit Supplier | Nike |
| Duration | 10 years (2016-2026) |
| Yearly payments | €45 million |
| Total payment over 10 years | €450 million |
| Any performance-related clauses? | €5 million a year will be added to the yearly deal if Atletico Madrid wins the Spanish La Liga. |
A-10 months have signed a deal worth 45 m eurosnike and Atletico Madrid.
Nike and Atletico Madrid have founded in 2001.in 2026, will play together with Nike and Atletico Madrid for 25 years.
In 2019, numerous reviews advocate that Puma will replace Nike because of the kit producer. however, this information changed into rejected by means of the president of Atletico Madrid.
In addition, the club is confident in its partnership with Nike and looks forward to receiving the Jubilee money at the end of the deal.
Atletico Madrid Shirt Sponsorship deal
In 2021, Atletico Madrid extended their sponsorship deal with Plus500. The contract amounts to 15 million euros plus annual bonuses from 2018-2021.
The deal offers Plus500 access to the blouse front branding for the club’s matchday and schooling shirts.
See the financial figures behind the deal:
| CONTRACT | DETAILS |
|---|---|
| Duration | 4 years (2017-18 season to 2022-23) |
| Yearly payments | €15 million a year |
| Total payment over 4 years | €60 million |
| Any performance-related clauses? | €5 million a year will be wiped off the yearly deal if Atletico Madrid fails to qualify for the Champions League. |
The first contract between them was extended in November 2017 as part of a three-year contract.
Under the agreement, the British financial institution will pay Atletico Madrid a total of 50 million euros in four years between 2018 and 2021.
The development agreement will also allow Plus500 to increase the exposure of its products at the club’s new home, the Wanda Metropolitano stadium.
They signed a one-year extension to cover the 2021-2022 season, making it a 4-year deal.
Atletico Madrid Sleeve Sponsorship deal
In 2018, Atletico Madrid signed a sponsorship deal with South Korean car giant Hyundai.
The contract quantities to 5 million euros consistent with season. additionally, with this deal, Hyundai became the club’s global automotive partner.
Under the deal, Hyundai’s logo will appear on the left sleeve of the club’s men’s and women’s jerseys.
Additionally, both sides signed a one-year extension for the 2021-2022 season.
Conclusion
Nike has signed a profitable 10-12 months address Atletico Madrid. thru this agreement, the other parties have fun with the anniversary of the changing settlement concluded among them.
After the 2021-2022 season, the Plus500 shirt sponsorship and Hyundai sponsorship will end. The company is waiting for the renewal of the contract with the two clubs. However, there is no agreement on the part of the company.
