Puma Is Manchester City’s New Kit Supplier
Puma has signed a long-term strategic partnership with English Premier League champions, Manchester City, taking over from Nike, as it seeks to make up for the loss of Arsenal to German rival, Adidas, the sportswear company said on Thursday.
British media have reported the deal could be worth 50 million pounds a year, more than double what Nike was paying, making it the third biggest in English soccer, behind Adidas’s sponsorship of Manchester United and Nike’s partnership with Chelsea.
Puma Chief Executive Bjorn Gulden declined to comment on the cost, but said the agreement included a fixed retainer, a bonus depending on sporting achievements and a royalty component.
“We think we are getting a fair deal,” Gulden told Reuters. “Man City is the best team in that league.
“They are very forward-thinking and extremely analytical with the way they approach the game and the business,” he said.
Man City beat Chelsea to retain the Carabao Cup on Sunday and is second in the Premier League, with a chance in the FA Cup and European Champions League.
Under Gulden, Puma has sought to rebuild its reputation in sports performance gear, signing a raft of sponsorship deals with top soccer sides including German league leaders Borussia Dortmund, Italy’s AC Milan and France’s third-placed Marseille.
“We need a major club in each market,” he said.
The deal with City also includes sister clubs in Australia, Spain, Uruguay and China, and will go beyond on-pitch performance to football culture in areas such as music, gaming and fashion, Gulden said.
Gulden said soccer sales in Europe were likely to stagnate or be lower this year after the 2018 World Cup, but other markets, such as China and Latin America, were growing.
Hi to every one, for the reason that I am genuinely keen of reading this
webpage’s post to be updated regularly. It contains
pleasant information.
I must thank you for the efforts you have put in penning this blog.
I really hope to view the same high-grade content by you later on as well.
In fact, your creative writing abilities has motivated me to get my own, personal website
now 😉
I just want to mention I am new to blogging and actually savored your blog site. Most likely I’m want to bookmark your website . You surely come with awesome posts. Thank you for sharing with us your blog.
I for all time emailed this weblog post page to all my associates, for the reason that if like to read it afterward my friends will too.
Excellent article. I absolutely appreciate this website.
Thanks! 3gqLYTc cheap flights