Manchester United renewed the partnership with official kit supplier Adidas for 10 more years and a minimum cash guarantee of $1.16 billion.
The new deal, ahead of the 2023/24 Premier League season will continue the partnership until June 2035, the club announced.
Manchester United will return to Champions League this season, therefore raised their annual forecast.
A failure by the club to play in the Champions league for two more consecutive seasons reduces its annual payments by 30% of the applicable amount, according to the deal.
🤝 To be continued.@adidas || #MUFC
— Manchester United (@ManUtd) July 31, 2023
United is still in talks of selling after American owners, the Glazer family, launched a formal sale process late last year.