Adidas Said to Offer Manchester United $100 Million Annual Deal
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Adidas AG offered Manchester United more than $100 million a year to supply the team’s apparel, a bid that led Nike Inc. to end contract renewal talks with the record 20-time English soccer champion, according to a person with direct knowledge of the matter.
Nike and United couldn’t reach an agreement after more than a year of exclusive talks, allowing the club that claims to have more than 650 million worldwide followers to open negotiations with other suppliers of soccer gear.