Brazilian Side Corinthians Extends Nike Deal Through '29
Brasileiro side Corinthians renewed its partnership with Nike through '29, according to SOCCEREX. The brand will continue to provide sports equipment for the club for the duration of the contract. Nike is believed to have paid R$25M ($7.6M) for the agreement extension. It currently pays R$30M ($9M) a year to Corinthians. The news comes after the club announced the renewal of its shirt-sleeve partnership with Minds Language. In February, Corinthians signed an extended deal with the Estrella Galicia brewery through '21. Nike first agreed to a sponsorship deal with the team in '03, which was due to expire in '25 (SOCCEREX, 12/14).