Manchester United have agreed a new kit licensing deal with adidas set to kick in in the 2015/16 season. The club confirmed on Monday it has settled terms with the German kit maker over a contract worth a minimum of £759m for 10 years. “Manchester United plc (NYSE:MANU) has reached a ten-year agreement with adidas for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of GBP 750 million, subject to certain adjustments, beginning with the 2015/2016 campaign,” a club statement read.
Meanwhile, new coach Louis van Gaal and his players will wear United’s new Nike kit for the 2014/15 season, as the Old Trafford club also announced “Nike will continue in its role of technical sponsor and trademark licensee.” Former Holland coach Van Gaal will have just two-day rest at home before officially resuming duty with the ‘Red Devils’ this week.
Having just guided ‘Oranje’ to a third-place finish at the World Cup in Brazil, the 62-year-old has opted against going on holiday and says he is already relishing taking charge of the 20-time Premier League champions. “That is no problem for me, I don’t need a holiday,” van Gaal said. “It’s great to have such an exciting challenge. To work daily with young people is something that I don’t need time off to rest for. “I’m looking forward to it. I’ve only met two people from the daily management at the club – the chief scout and the chief executive officer. And I’ve met two of the owners. It’s time that I get to know more people at the club.”