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Nike to become official kit supplier of Chelsea FC

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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