European Champions Real Madrid secure €1.1 billion deal

La Liga By: Iseghohi Odianosen | 05/11/2018

European Champions Real Madrid has secured €1.1billion deal with kit sponsor Adidas, according to the report in Marca.

The report in Marca confirmed it that Los Blancos struck a ten -year agreement with Adidas and the deal is expected to kick-off in 2020 and run for the next ten years and it will expire in 2030.

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The German-based sports kit has been Real Madrid’s kit partners since 1998 and on year basis they pay the European Champions €52m a year.

Further negotiations were handled by vice-president Jose Angel Sanchez, It is also included in the deal that it can go higher if Real Madrid rake in more success.