Chelsea has signed a lucrative 15-year deal with Nike worth £900m after ending their 11-year partnership with Adidas.
The settlement started out in the 2017-18 season and ends in the 2031-2032 season unless an extension is signed.
Chelsea and Nike’s financial information is as follows:
| Contract | Details |
|---|---|
| Kit Supplier | Nike |
| DURATION | 15 years (2017-2032) |
| Yearly payments | £60 million |
| Total payment over 15 years | £900 million |
| Any performance-related clauses? | £5 million a year will be added to the yearly deal if Chelsea wins the Premier League. |
Chelsea earned £60m a year from this deal. further, the contract has a performance clause which means that five million kilos in line with 12 months can be introduced to the yearly settlement if Chelsea wins the ideal League.
Reportedly well worth £900m over 15 years, the deal turned into Nike’s largest cope with a most desirable League club at the time. however, Nike signed a better settlement with Liverpool in January 2020
Chelsea Shirt sponsorship Contract Deal
In 2020, the British phone company was signed by Chelsea in their first five-year deal as a shirt sponsor. Due to the surprise deal, Three’s ‘3’ logo has been seen on the front of Chelsea’s kit since the deal was announced.
Chelsea has signed a rewarding £40m-a-year cope with three mobile as their sponsor. The overall cost of the agreement became £2 hundred million over the last 5 years.
Let’s look at the financial numbers of the deal:
| CONTRACT | DETAILS |
|---|---|
| DURATION | 5 years (2020-21 season to 2024-25) |
| Yearly payments | £40 million a year |
| Total payment over 5 years | £200 million |
| Any performance-related clauses? | £5 million a year will be wiped off the yearly deal if Chelsea fails to qualify for the Champions League. |
The agreement comes after the president’s former manager, Yokohama Tires, entered into a lower partnership with the company.
The price of the modern-day deal with the 3 strings compares to the £40m sales Chelsea collects yearly from their previous sponsorship deal with Yokohama Tyres.
The deal will also enable Three Monitors’ 5G signal at Stamford Bridge. The contract was signed in 2020 and ends after the 2023-2024 season.
Chelsea Sleeve Contract Deal
In 2018, Hundaie Officiapy became a Chlease partner and received support from Sleeve. The deal with the Automotive Giants is worth £10m a year.
The Korean automaker has served as Chelsea’s global motorsport director since May 2018. The Chelsea-Hyundai pair have signed a four-year deal worth £50m. Under the four-year deal, Hyundai will be Chelsea’s main kit manufacturer from the 2018-19 season.
Conclusion
The contract with Nike as an equipment manufacturer makes 60 million pounds a year. The contract is worth 900 million pounds over the next 15 years.
Chelsea’s five-year deal with British Telecom was worth £200 million. The deal will see Blue pocket £40m a year with Three Mobile as the shirt sponsor.
