Nike confirm 'largest deal in the club's history' with Chelsea
Chelsea have confirmed their new partnership with sportswear company Nike after a deal was originally agreed before the start of this season, as reported by Telegraph Sport's Matt Law back in May.
The long-term deal is worth a reported £60m-a-year, eclipsing the £30m-a-year contract the club had with German sportswear company, Adidas.
In a press statement released on the company's site, Nike described the deal as 'the largest commercial deal in the club's history'.
The decision to terminate their contract with Adidas six years early will cost the club £40m in compensation.
Chelsea’s Nike contract is twice what Arsenal are paid by Puma and is more than three times what Manchester City earn from Nike.
“This is an incredibly exciting and important deal for the club. Like Chelsea, Nike is known around the world for its excellence and innovation and we look forward to working together in what is sure to be a successful partnership," said Chelsea director, Marina Granovskaia, who is understood to have negotiated the deal.
"We believe Nike will be able to support our growth into new markets as well as helping us maintain our place among the world’s elite football clubs.”
“Chelsea is a world-class club with a rich tradition and passionate fans across the globe. The partnership with Chelsea reinforces our leadership position in football. We are excited to help grow the club’s global reach, serving players and supporters with Nike innovation and design," said Nike president, Trevor Edwards.
From the start of the 2017/18 season Nike will produce strips for the first team, Academy and Ladies teams, as well as a full range of clothing for Chelsea’s millions of supporters around the world.
Adidas have been Chelsea's kit suppliers since the start of the 2205/2006 Premier League season.