German soccer champions Bayern Munich have extended their kit supply deal with Adidas until 2030.
The Bundesliga club and the German sportswear giant have agreed a ten-year extension to their existing deal, which runs until 2020. Adidas will continue to supply Bayern with matchday and training wear, and create replica merchandise for supporters.
According to reports, Adidas will commit €900 million (US$990 million) across its new term. The Herzogenrauch-based company holds an 8.33 per cent stake in the club, while outgoing Adidas chief executive Herbert Hainer is a Bayern vice chairman.
Adidas senior director of public relations Oliver Brüggen said: “With this extension of the contract until 2030 Adidas will continue its long partnership with FC Bayern München.
“We will focus even more closely in future on partnerships with selected top clubs and associations in international football and with young emerging players.”
Bayern Munich, who have already clinched a third consecutive German title and will face Barcelona in the semi-finals of the Uefa Champions League, missed out on the chance of a second treble in three years when they were beaten on penalties in the semi-final of the DFB Pokal by Borussia Dortmund on Tuesday night.
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