

Juventus and Adidas have agreed a new €408million deal which runs until 2037.
Though the agreement is for the same fixed value, €408m (£349m; $468m), as their previous deal, it covers 10 seasons instead of eight, making it around €10m less valuable per year.
The previous agreement, which began in 2015 and runs until 2027, marked Juventus’ departure from Nike. The Italians have won 28 trophies (across men’s and women’s teams) since being partnered with Adidas.
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“This renewal fills us with pride and testifies to the synergy between these two great companies,” Juventus CEO Maurizio Scanavino said in a news release. “Together, we have not only played on football fields around the world, but we have also embarked on innovative collaborations that have extended our boundaries to the world of fashion, music, and design.”
Adidas’ deal with Juventus does not include additional royalties in the event of certain sales volumes being exceeded or any variable components linked to sporting results, per the news release announcing the deal on Thursday.
Adidas currently holds the most lucrative contract with a football club, with their deal worth around €128m to Real Madrid per season.
This is followed by Barcelona’s deal with Nike — worth around €123m, which included a €112m signing bonus. The deal is the only one Nike has in football which breaks into the otherwise Adidas-dominated top five.
Manchester United’s deal with Adidas is the third-most valuable agreement, but due to their 15th-place finish in the Premier League last season, they will receive around €12m less. In July 2023, United signed a ten-year deal with the sports brand worth in the region of €1bn, over double the Juventus deal.
The terms of the deal stated that if United men’s team fail to qualify for the Champions League, then a reduction in payment will be made in each season of non-participation, with 2025-26 being the first year in which that condition applies — placing even greater emphasis on May’s Europa League final defeat by Tottenham Hotspur.
(Photo: Jonathan Moscrop/Getty Images)
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