Barcelona have announced a new multi-year agreement with kit supplier Nike which will help to further alleviate their financial problems.
The deal is expected to be worth more than $107 million per year, but the deal is incremental in the total amount and also dependent on certain add-ons.
Real Madrid\'s deal is worth approximately €120 million per season, while Manchester United is on a 10-year, $1.1 billion deal with Adidas.
\"Barcelona and Nike, two leading brands in the sport industry, are pleased to announce a new start with a multi-year partnership agreement, starting effective this season, that brings a new collaborative strategic partnership model between the two organisations,\" Barcelona said in a statement.
\"This new partnership consolidates Nike as a main partner of the club and the official technical partner across all professional and amateur teams, bringing a unique model that strengthens the brands association and fuels the global retail and licensing business growth.
\"Nike has a key strategic role in the club\'s retail operations and together with Barça Licensing & Merchandising will join forces in the development of specific plans related to product creation, supply chain and global distribution.\"