- Adidas (OTCQX:ADDYY) will end a sponsorship and supplier deal with the Chelsea Football Club six years before the contract was scheduled to terminate.
- The ten-year partnership between the two will end on June 30, 2017, instead of 2023.
- Adidas expects to see a net income benefit in the mid-double-digit million euro range as part of a payment tied to the early contract termination.