Adidas Gets Chelsea Payoff as Soccer Sponsorship Ends Early

  • Sneaker maker ups profit forecast on compensation payment
  • Chelsea coming off its worst Premier League season in years

Chelsea players applaud after a Barclays Premier League match at Stamford Bridge in London, on May 2, 2016.

Photographer: Catherine Ivill/AMA via Getty Images

Adidas AG will get a payoff of at least 50 million euros ($57 million) from London’s Chelsea soccer team to end a sponsorship deal six years early, leading the German company to boost its profit forecast.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.