Barcelona are set to sign a new sponsorship deal with Nike, with the American sportswear brand to continue their 25-year run as the kit manufacturer for the Blaugrana. After lengthy talks and repeated suggestions that Barcelona may change sponsors, it appears the two have come to a deal.

The Blaugrana had threatened either to start their own brand to make kits, or to sign with rivals Puma, who were offering a €100m signing bonus. However with Barcelona still contracted to Nike until 2028, that would of required Barcelona to break their current contract, which may well have cost them €40-50m.

As per Marca, a deal between Nike and Barcelona is close to being signed, and only a major U-turn will see anything else come to pass. The new deal will be a decade long, and should be worth somewhere between €1.2b and €1.3b, which will include bonuses. Barcelona were keen to do a deal that would see them earn €120m per season, and they are close to securing that. The new deal will not include penalties for underperformance.

The post Barcelona closing in on €1.3b sponsorship deal with Nike appeared first on Football España.

More must-reads:

TODAY'S BEST
Timberwolves chew up Nuggets to force Game 7
Rangers secure spot in conference finals after stunning third-period comeback over Hurricanes
Xander Schauffele makes history in first round of PGA Championship
Yankees' Hal Steinbrenner shares massive Juan Soto contract update
Steelers' Cameron Heyward addresses contract holdout
Knicks star ruled out for potential closeout game
Dodgers starter undergoes season-ending UCL surgery
Clemson’s Dabo Swinney gives smug response about not using transfer portal
Caitlin Clark's debut was most-watched WNBA game in more than 20 years
Watch: Chris Kreider's natural third-period hat trick shatters Hurricanes' comeback hopes
Veteran NFL safety will either play for this team or retire in 2024
Former Red Wings head coach linked to open NHL job
How Patriots' Drake Maye has already impressed Jacoby Brissett
LeBron James, Giannis Antetokounmpo, Stephen Curry among Forbes' highest-paid athletes for 2024
Steve Cohen addresses if Mets could again be trade-deadline sellers
Tiger Woods ruins strong first round with sloppy finish at PGA Championship
NFL responds to speculation about Chiefs schedule and Taylor Swift
Despite hopes for change, NASCAR championship weekend will return to Phoenix in 2025
Chiefs will achieve something not done since 1927 with 2024 schedule
Yankees' Aaron Judge comments on resurgence after bad slump