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Barcelona agree kit deal extension with Nike

Reuters

MADRID (Reuters) - Barcelona have agreed an extension to their kit-manufacturing deal with Nike which Spanish media reported was the most lucrative arrangement of its kind in the world.

The Spanish champions issued a statement saying details of the contract will be specified at their next general assembly.

Barcelona-based daily newspapers Diario Sport and Mundo Deportivo reported that the deal could be worth 155 million euros (119.9 million pounds) a season and would run until 2026.

"FC Barcelona and NIKE, Inc. have extended their current sponsorship deal, which was due to end on June 30, 2018," Barcelona said on Saturday.

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"The long-term agreement is a landmark in global football and builds upon a highly successful partnership." President Josep Maria Bartomeu added: "We are excited by this new agreement and are confident we will be able to celebrate continued sporting successes together."

(Reporting by Rik Sharma, editing by Ed Osmond)