Manchester City are reported to have agreed a long-term kit deal with German manufacturer Puma for a whopping £650 Million spread over ten years.
If this deal is confirmed it will be second only to the Manchester United Adidas tie up that is said to be worth £75 Million a year.
The deal, which was first reported by Press Association Sport, is worth three times their current arrangement with Nike and comes into effect in July.
City’s sister clubs in Australia, Spain, Uruguay and China, are also included in the deal.
This deal is massive, it will set City up for years to come and move the club away from over-reliance on their owners and make the club far more self-sufficient, it also catapults them into the elite status of clubs like United, Barcelona and Real Madrid.
Both Puma and City executives are naturally delighted with the tie-up and City Chief executive Ferran Soriano could not hide his delight saying:
“It is a historic day for us. What we are doing has not been done before. It is an unprecedented partnership.
“We now have seven clubs in five continents. We needed a partner that can move fast with us.”