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Reports: Real Madrid To Sign €1.1bn Kit Deal With Adidas

Reports: Real Madrid To Sign €1.1bn Kit Deal With Adidas

Real Madrid to earn €110 million from adidas

Spanish giants Real Madrid are reportedly close to signing a €1.1 billion (R18 billion) kit sponsorship deal with adidas, which would see them overtake Manchester United's record deal but remain slightly behind FC Barcelona's.

Click through the mini-gallery above to see the five most expensive kit deals in football, based on annual payments.

According to Marca, Real president Florentino Perez informed the club's members at a general assembly that a new deal with adidas is about to be signed.

It would guarantee an income of €1.1 billion over 10 years, which means Los Blancos would receive a whopping €110 million (R1.8 billion) a season, which is more than double the €52 million (R851 million) they are currently getting.

In addition, that figure could rise to €150 million (R2.45 billion) a season, based on another variable depending on merchandising.

The guaranteed €110 million (R1.8 billion) a season agreement would overtake United's deal with adidas, which is worth €85 million (R1.4 billion) per annum – currently the German company's largest.

However, it would not be the most expensive kit deal in football, with FC Barcelona understood to receive €160 million (R2.6 billion) a year from Nike, according to The Guardian.

Read: The Most Expensive Kit Deals In Football

Real's relationship with adidas goes back to 1981, when Los Blancos first wore the jersey with the three stripes, until 1986. Since their relationship resumed in 1998, adidas have sponsored Real without any break in their partnership.

Do you think Real's new kit deal will allow them to spend big in the transfer market? Have your say in the comments section below.

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