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Nike to become official kit supplier of Chelsea FC

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The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson

(Reuters) - Nike Inc said on Thursday it signed a long-term deal with top English football club Chelsea FC, becoming its official kit supplier from the 2017-18 season.

Nike declined to provide financial terms of the deal, which is the biggest in the club's history. (http://swoo.sh/2eauomL)

The Guardian newspaper reported that London-based Chelsea FC's deal with Nike is worth an estimated 60 million pounds ($74.6 million) a season for the next 15 years. (http://bit.ly/2dePBva)

($1 = 0.80 pounds)

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sriraj Kalluvila)


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