Soon to be Premier League champions, Manchester United, are looking to increase their riches even more as sportswear giants Nike and Warrior are set to fight it out over the club’s kit rights.
The Red Devils current strip deal with Nike nets the club $35.8m per year and is not set to expire until the end of the 2014-15 season. The club is already in the midst of a six month exclusivity period with Nike, however, during which time they can negotiate only with each other. Going into the period United has warned Nike that the club expects a significant increase on the last deal believing it will likely break the $45.7m per year mark.
United vice-chairman Ed Woodward talked about the Nike deal at the end of last year: “We feel we know, with some clarity, the value of our rights, and we are bullish about the abundance of opportunities available to accelerate the growth of this business.”
Warrior is one company creating those opportunities. The Michigan-based corporation burst onto the kit scene in 2011 when it shelled out a British record $38.1m per year to manufacture Liverpool’s strip. Since then Warrior has gone on to sign Everton’s Marouane Fellaini, Newcastle’s Jonas Guiterrez and Manchester City’s Vincent Kompany to endorsement deals in a bid to expand their brand.
Whatever the value of the deal United ends up striking with their next kit manufacturer it will only underscore the commercial drive at the Old Trafford club. Merely two weeks ago Woodward announced an astounding eight year $183m agreement with AON for the naming rights to the Red Devils’ Carrington training ground. Last July, the club went even bigger when it procured a seven year $546m deal with General Motors to have “Chevrolet” on their shirts starting in 2014.
Whether or not Warrior will be the next company to snatch a piece of the world’s second richest club will be decided over the next year. Whereas some fans worry that Warrior does not manufacture as sharp a strip as Adidas or Nike, the extra dough will nevertheless continue to pay down the shrinking debt remaining from the Glazer family’s $1.2b takeover of the club seven years ago.
NBC News is reporting that at least 19 people have been killed and another 50 are injured following a possible suicide bombing at an Ariana Grande concert in Manchester.
Multiple senior U.S. intelligence officials who are monitoring British authorities told NBC News that preliminary reports indicate that a single explosion took place outside the arena on the southwest side opposite the train station. The explosion occurred as the concert ended, catching people as they exited.
Soccer personalities around the world are reacting to the horrible event.
If you didn’t realize Juan Cuadrado still belonged to Chelsea, you’re forgiven.
The Colombian attacker will complete his second season at Juventus after the UEFA Champions League Final against Real Madrid, and won’t be headed back to Chelsea afterwards.
Juve has purchased Cuadrado, and the fee is $22 million, and Juve will pay it over three seasons. Cuadrado, 28, is now signed through 2020 with The Old Lady.
Cuadrado first went on loan to Juve in Aug. 2015, and has eight goals and 18 assists in 83 career appearances with the club.
Chelsea bought Cuadrado from Fiorentina for around $32 million in the January 2015 transfer window, but made just 14 appearances with the club.
Sky Sports is reporting that Jermain Defoe may head back to the south of England following Sunderland’s relegation.
Defoe, 34, spent two seasons with Portsmouth between 2008-09, scoring 15 goals in 31 appearances.
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The 56-times capped England striker had a clause in his Sunderland contract allowing him to leave the Stadium of Light were the Black Cats to be relegated, as they were this season. He’d have little interest in dropping into the Championship given his desire to stay a part of the England squad ahead of the 2018 World Cup.
Bournemouth’s strike corps includes Joshua King, who scored the most goals of any player not on a Top Seven side this season. King’s 16 goals were one more than Defoe’s 15, though the latter scored just one goal following a brace against Crystal Palace on Feb. 4.
Antonio Conte took league and national honors from the League Managers Association on Monday night.
The Chelsea boss was named Premier League Manager of the Year and Manager of the Year after leading the Blues to the PL title and an FA Cup Final in his first year on the job.
Brighton and Hove Albion boss Chris Hughton nabbed another Championship boss of the year award after leading the Gulls to the Premier League. He also won the honor with Newcastle United in 2010.
The League One winner is Chris Wilder of Sheffield United. Wilder won the honor with Northampton Town last season.
In League Two, Paul Cook of Portsmouth was named the winner.