Manchester United agree biggest ever football kit deal with Adidas July 14, 2014 German sportswear giant Adidas has agreed a bumper 10-year deal worth £750m to supply Manchester United's kit from next season, as the firm looks to strengthen its global position amid a battle of the sports brands. Adidas will provide training and playing gear to all the club's teams from the start of the 2015-16 season, [...]
Nike ends Manchester United kit sponsorship deal after 13 years due to rising cost July 8, 2014 Nike will no longer sponsor the kit of Manchester United after the next Premier League season due to the mounting costs of the deal. It marks the end of a 13-year partnership between the world’s biggest sport brand and one of the most popular football clubs in the world. Nike said in a statement: "Any [...]
Manchester United shares leap following Moyes sacking April 22, 2014 MANCHESTER United’s shares yesterday soared to their highest price since the retirement of Sir Alex Ferguson following confirmation that his successor David Moyes had been sacked. Shares leapt more than seven per cent to $19 on the New York Stock Exchange, before closing at $18.78, after the Premier League football club announced the dismissal of [...]
Deutsche takes a dim view of Manchester United player costs January 27, 2014 MANCHESTER United’s £37m record signing of Juan Mata from Chelsea, as well as the team’s current run of indifferent form, has prompted Deutsche Bank to downgrade its price target for the listed company’s shares from $21 to $16. “We now think we were too conservative in our player cost outlook,” says the Deutsche research team [...]
Manchester United cashes in on its global megabrand September 18, 2013 MANCHESTER United announced record annual revenues of £363.2m yesterday, with the English football giant massively expanding its commercial income streams. Commercial revenue jumped by 29.7 per cent to an impressive £152.5m in the year to 30 June, with the New York-listed club insisting that there is more to come. “We remain convinced there are huge [...]