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WHOAH! Man Utd gamble losing THIRD of world record adidas deal

Manchester United have risked writing off a THIRD of their record-busting kit deal with adidas over a Champions League clause. United signed a 10-year kit sponsorship deal earlier this month with adidas, announcing that it would be worth an overall £750m from 2015. The Daily Mail says United has disclosed to potential investors in the new share prospectus that failure to play in the Champions League for two consecutive seasons would see the annual adidas payments drop by 30 percent from £75m to £52.5m. They would stay at that level if there was a further failure to qualify.

Conversely the fee could rise by up to £4m each year if the team wins the Premier League, Champions League or FA Cup.

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