Umbro will meet with Manchester United in hopes of becoming their official kit sponsor.
Nike sold off Umbro in October 2012 for $225 million just five years after purchasing the brand for $582 million.
Ownership of Umbro also brought along the kit sponsorships for three prominent soccer teams: Manchester United, Manchester City and England’s national team.
Nike is prepared to play approximately $115 million per year for 10 seasons to renew its sponsorship with United.
Adidas is also interested in securing a deal with United.