American company Nike may continue to feature its logo on the jerseys of the football club Barcelona for the next ten years.Negotiations between the parties are at an advanced stage following talks that took place in recent weeks.
Around a month ago, Nike and Barcelona began discussions to extend the contract. The demands of the Spanish club were met. If nothing unexpected happens, the new contract will be worth approximately $1.3 billion. For Barcelona, renewing the contract with Nike on more favorable terms was a priority. Terminating the contract with the American company and It would have been very costly to sign a new contract with Puma.