Manchester United have announced an amazing £750million sponsorship deal with adidas. The announcement comes six days after Nike pulled out of negotiations over a new deal because it felt United were demanding too much money.
The adidas agreement, described in a statement as "a global technical sponsorship and dual branded licensing deal", will run for 10 years from the 2015-16 season.
The deal with Nike, United's kit manufacturer since 2002, runs out at the end of the forthcoming season.
A United statement read: "Manchester United plc has reached a 10-year agreement with adidas for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of £750million, subject to certain adjustments, beginning with the 2015-2016 campaign.
"For the 2014-2015 season, Nike will continue in its role of technical sponsor and trademark licensee."
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