REVEALED: Chelsea Paid $81.5 Million to Terminate Adidas Deal
Jan 13, 2017, by Chris
Chelsea paid 67 million pounds (81.5 million US Dollar) to end their long-term apparel deal with sporting-goods provider Adidas in order to be able to switch to Adidas' U.S. rival Nike, club accounts published today show.
Chelsea Paid £67 to End Adidas Deal Ahead of Schedule
Nike will make next season's Chelsea jerseys for the first time ever.
Chelsea originally renewed their deal with Adidas for 10 years in 2013 for £30m / season, while they totally surprisingly broke the contract with Adidas six years early to sign a 15-year, 900 million-pound deal with Nike, which begins next season (£60m / season).
However, Chelsea did not only have to pay an one-time expense to Adidas, they also paid a further 8.3 million pounds to pay off the contracts of former manager Jose Mourinho and his coaching staff, widening the annual lose by almost 50 million pounds to 70.6 million pounds. Chelsea last year broke the contract with Adidas six years early to sign a
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