Celtic Contracts for Five Years with Adidas Until 2024 of £10 million

Celtic Contracts for Five Years with Adidas Until 2024
Celtic Contracts for Five Years with Adidas Until 2024

Celtic could be second in the league behind second-placed Rangers in the 2020-21 season. But the club has signed the most valuable contract to support uniforms and equipment. The company signed a 4-year contract with a German equipment manufacturer (Adidas). The deal will add £5m per season to the club’s financial support. Celtic’s contract with Adidas runs until 2024.

Kit DealSummary
SupplierAdidas
Payout Per Season£5 million guaranteed
Contract Worth£30 million
Term2024 (5 Years)
Performance Clause£2 million for winning the league and Scottish cup and more bonus money for reaching UEFA competitions.

In July 2020, Celtic switched from New Balance kit to Adidas. When the Scottish firm signed the contract, it was reported that the company would earn £30m per season over the next five years. From 2020 to 2021, the club will receive £5m per season and if they manage to qualify for UEFA competitions, win the Scottish Championship or the Scottish Cup, the club will receive a further £2m.

Shirts SponsorSummary
Main SponsorDafabet
Per Season Payout£2 million (reported)
Contract Worth£10 million
Term2023 (5 years)

Celtic extended his recent deal with sponsor Dafabet of the shirt for five years. This is a 2nd-year great promotion with Dafabet.