Manchester United, Nike set for $1 billion deal (alternate title: “Sure they’re a poor club”)

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The math coming from an English report may be a little crafty, but the results are true: Manchester United are set to make just over $1 billion from Nike over the course of a 10-year relationship.

The apparel agreement between the Red Devils and the American sportswear giant expires in 2015, but Nike is ready to pay 70 million pounds ($100 million) per year over a decade to stay with the club according to English reports.

Arsenal made headlines in January with the confirmation that they had linked up with Puma on a nearly $250 million deal over five years, but this Red Devils deal nearly doubles that on average.

Aside from the Gunners, there shouldn’t be too many hurt feelings amongst the other giants of Europe. The rising tide will lift all teams, as clubs like Barcelona, Real Madrid and AC Milan will surely point to this deal when their contracts are up.

Our friends at Soccerly are reporting that Adidas, Warrior and Puma all tried to steal the Manchester United business away from Nike, so no surprise the number jumped.