Nike has agreed to a deal to extend the company’s kit partnership with the Chinese Super League (CSL), the top tier of club soccer in the country, according to reports.
Chinese newspaper Beijing Youth Daily said that the new contract begin next June 2019 and will last ten years. The deal is expected be “5+5”, meaning it can be renewed after five years to last through the 2028 campaign.
Sina reports that the new deal will double the current deal and is worth a total RMB 3 billion (US$470 million) over ten years. The clubs are set to share RMB 2.2 billion worth of equipment and RMB 800 million in cash over the decade.
Nike first partnered with CSL ahead of the 2009 season. Previously the 16 clubs in the league had different kit sponsors, including Kappa, Umbro, Adidas and Nike.