Chelsea FC are on the brink of signing a major sponsorship deal with sportswear brand Nike.
It comes after the Premier League side cancelled their deal with Adidas.
It's believed the deal could be up to a value of $75 million a year.If signed, the deal would solidify Chelsea’s transition to the chief rival of its current kit supplier of a decade, Adidas AG
. Terms of the deal weren’t finalized, this person said.Nike, which currently outfits Manchester City FC, has ceded some of its
top English soccer assets to rival sportswear firms in recent years,
after Arsenal and Manchester United
signed contracts with Puma AG
and Adidas, respectively, in 2014.
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