Man United renews Adidas partnership by 10 years in deal worth more than $1B

Manchester United has announced a 10-year extension to its partnership with Adidas that the English club says will be worth more than $1 billion. United’s deal with the German sportswear brand as its official uniform supplier runs to 2035 and the team says it “has a minimum cash guarantee of 900 million pounds ($1.15 billion), subject to certain adjustments. That would make it the most lucrative in Premier League history. The deal for the club’s single biggest source of revenue provides stability at a time when it is up for sale. United's American ownership is weighing up offers from Qatari banker Sheikh Jassim bin Hamad Al Thani and English businessman Jim Ratcliffe.