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Man Utd delay agreeing new £1bn Nike deal

Manchester United are delaying signing a new deal with kit sponsors Nike.

The Daily Mail says United's worldwide commercial success in splitting up their sponsorships into different regions has complicated negotiations with Nike for a potential £1billion kit deal renewal.

United are still exploring whether it would be more profitable to do a straight record £60m-a-year football kit supply deal but market the retail and e-commerce licenses to numerous different global territories, as they do with their mobile and financial services sponsorships.

They could also sell a United fashion range separately.

Nike's current £303m shirt agreement expires at the end of next season.

This 13-year deal gives Nike control over all aspects of producing and selling United kit and the American company would pay around £1bn for a similar length renewal with the same rights.

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