Barcelona are close to signing a deal worth more than $1. 4 billion, according to SPORT, which cites anonymous sources.
Nike has been a sponsor of Barça shirts since 1998, but a date of more than a quarter of a century will come to an end before this year.
Barca believed they were underpaid by the American sportswear company, and the feeling that Nike had damaged their contract led the La Liga giants to try to cancel the deal, as president Joan Laporta revealed on his podcast in March.
“We told Nike that, for certain violations that for us were atrocious, we were terminating the contract,” Laporta explained.
“They had forty-five days to compensate us, but they did not do so and we informed them that the contract was terminated, to which they responded with precautionary measures to which we responded and now we see the solution to those measures. “
“They tried to improve the contract, but they made efforts that were not enough because we know that the market will pay more,” added the Blaugrana leader, whose team has frequently been linked with Puma throughout the furor.
“In this sense, we are civilized and we paint with all the characteristics we have. We are convinced that we will have the contract in the world.
“We are open to everything, but we have a contract much lower than what the market pays. It is our duty as executive administrators of the club to get the most productive contract,” Laporta stressed.
A ruling later ruled that Barca will see their Nike mandates expire in 2028, which may have proved to be an influencing factor in the company and the club is now “close to signing” a new 10-year contract according to SPORT.
The Catalan newspaper claims that the amount will be worth between $114 million and $130. 5 million depending on the season, but what also interests the club and its fans in the future is the $108. 7 million entry fee, in addition to the total value of the club. The deal would be around $1. 4 billion without taking into account bonuses for smart results.
In fact, Barca urgently need such a quick injection of money in their attempt to navigate financial fair play and, in all likelihood, return to the 1:1 rule, which Laporta mentioned in the latest episode of his podcast where he explained why Xavi sacked and the signing of Kylian Mbappe via Real Madrid.
Balancing the books before June 30 may give new coach Hansi Flick a boost in the movement market, and perhaps help him recruit one or two big stars to round out what he described as an “incredible” team when he was unveiled a week ago.
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