Corinthians renews with Nike for another 10 years

by Andrea
0 comments

North American brand is the club’s current sponsored, which also had a proposal from Adidas

Corinthians renewed their contract with for another 10 years. The sports equipment supplier accepted the terms proposed by the São Paulo club on Tuesday (24.Jun.2025), ending the Adidas. The information is from Globo Esporte.

The new agreement, which has already had a memorandum of understanding signed by the club’s interim president, Omar Stabile, provides for values ​​significantly higher than the previous contract.

Nike pledged to pay $ 59 million a year to the club for 10 years, with annual correction. The figure more than doubles the values ​​of the current bond, which would end in December this year. If considered bonuses, supply of sports materials and variable gains, Corinthians estimates that the new contract can yield around R $ 1.3 billion by 2036.

In addition to the financial increase, renewal avoids a possible legal dispute with the supplier. Nike had unilaterally triggered an automatic contract renewal clause by 2029. Corinthians did not recognize the validity of the extension, as the hit was made by the Nike Official Distributor in Brazil, not by the American matrix.

The new contract guarantees what the São Paulo club calls “Best Deliveries”, In reference to the quality, quantity and time of supply of products. According to information from the Globo EsporteNike has also agreed to relax rules, expand earnings and forgive Corinthians debts. Among the concessions is the resignation to percentages on the sale of products licensed by other brands, such as the partnership that the club signed with the Approve brand in 2024.

The supplier also forgave charges for materials delivered beyond the contractual quota. In 2024, for example, the club used $ 12 million in products, although it was entitled to only $ 4 million.

Corinthians partner since 2003, Nike treats the club as its main showcase in Brazil. Today, the São Paulo team is the only one in the series A to wear the brand. From 2026, Atlético-MG and Vasco will also use uniforms provided by Nike.

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC