Nike, FC Barcelona Extend Soccer Kit Deal

May 21, 2016, 1:12 PM UTC
FC Barcelona v Real Madrid CF - La Liga
BARCELONA, SPAIN - MARCH 22: Gareth Bale of Real Madrid CF competes for the ball with Gerard Pique of FC Barcelona during the La Liga match Between FC Barcelona and Real Madrid CF at Camp Nou on March 22, 2015 in Barcelona, Spain. (Photo by David Ramos/Getty Images)
David Ramos Getty Images

Barcelona have agreed an extension to their kit-manufacturing deal with Nike (NKE) which Spanish media reported was the most lucrative arrangement of its kind in the world.

The Spanish champions issued a statement saying details of the contract will be specified at their next general assembly.

For more on soccer, watch:

Barcelona-based daily newspapers Diario Sport and Mundo Deportivo reported that the deal could be worth 155 million euros ($174 million) a season and would run until 2026.

“FC Barcelona and NIKE, Inc. have extended their current sponsorship deal, which was due to end on June 30, 2018,” Barcelona said on Saturday.

LeBron James’s Nike Deal May be Worth More Than $1 Billion

“The long-term agreement is a landmark in global football and builds upon a highly successful partnership.”

President Josep Maria Bartomeu added: “We are excited by this new agreement and are confident we will be able to celebrate continued sporting successes together.”