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Manchester United and Nike in talks over contract extension

  • Manchester United (MANU -0.2%) is in talks with Nike (NKE +0.6%) about renewing an equipment contract which expires in 2015, according to the WSJ.
  • The company thinks it can land over $600M for a contract covering several years, despite the club's slide to 7th place in the Premiere League standings this year.
  • British tabloids have reported that Adidas (ADDYY) has topped Nike's initial bid.
Comments (2)
  • Vardaman
    , contributor
    Comments (3) | Send Message
     
    MANU is on a downward spiral. Potential sponsors should consider that.
    23 May, 12:11 AM Reply Like
  • dafjev
    , contributor
    Comments (23) | Send Message
     
    The size of this deal in media reports also keeps on shrinking. Initially they were saying they are about to sign a deal for £1bn over 10 years, then it shrank to $1bn or £600m and now the number is $600m...far below analyst estimates for next year (which have already been cut by c.60%)...yet some investors such as Ron baron and lansdowne keep holding onto their flawed investment thesis...makes you wonder about the research quality in those houses
    26 May, 01:28 PM Reply Like
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