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Roma on the verge of signing new deal with New Balance after premature termination with Nike

After terminating its contract with Nike, A.S. Roma is on the verge of signing a kit deal with New Balance.

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In July 16, 2020, top-flight Italian football club, Associazione Sportiva Roma, commonly known as A. S. Roma or Roma prematurely terminated their 10-year deal with American sportswear corporation, Nike. The multi-year deal was signed in 2013 but their commercial partnership came to an end upon the completion of the 2019/20 season.

AS Roma Chief Operating Officer Francesco Calvo said the following in a statement from the club, “The early termination of the commercial agreement will allow AS Roma to explore new opportunities in the equipment and licensing space,”.
The original multi-year deal included a basic fee of €4m per season, which rose to €4.1m from 2019-20 and would have continued to €4.2m from 2020-21 until its conclusion. According to multiple reports, the agreement, including bonuses and signing fees, was estimated to be valued at €5 million a year which is way less compared to the eight-figure sums brought in by their rivals like Juventus, Napoli, Inter Milan, etc.
According to multiple reports, both Roma Chief Executives, Guido Fienga and Calvo were unhappy with the Nike deal and considered other options.
Although Nike won’t provide kits for the club for the 2020/21 season, however, they will be in charge of other things like training products and the likes for only the 2020/21 season. Roma in a statement said, “For the 2020-21 season, Roma and Nike have entered into a new agreement which will see Nike provide the club with all on-pitch, training and casual products for the first team, youth teams and women’s teams”.
After their premature termination with Nike, A. S. Roma are on the verge of signing a new four year deal with US Sportswear brand, New Balance. After they failed to agree a kit extension with Premier League champions Liverpool, they now appear to have moved to the front of the queue.
According to La Stamps journalist, Matteo De Santis, “As Roma are in more advanced talks with New Balance as new technical sponsor, draft agreement for four years. Final approval and green light of Friedkin.” However, financial details are yet to be released.
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The deal is awaiting the final approval from new Roma majority owner, Dan Friedkin, whose US consortium finalised a €591 million (US$697 million) takeover of the club in August.
Stay tuned for more about the possible New Balance-AS Roma deal in the coming weeks.

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Jose Mourinho to earn £16m From Tottenham sack

This means the Portuguese manager will now have earned a total of £79million from just being sacked throughout his entire career.

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English top-flight club, Tottenham Hotspur announced its decision to relieve Jose Mourinho from his managerial duties and his coaching staff which includes Joao Sacramento, Nuno Santos, Carlos Lalin and Giovanni Cerra. He was sacked 17 months into a three-and-a-half-year contract.

Tottenham Chairman, Daniel Levy said the following in an official statement from the club: “Jose and his coaching staff have been with us through some of our most challenging times as a Club. Jose is a true professional who showed enormous resilience during the pandemic. On a personal level, I have enjoyed working with him and regret that things have not worked out as we both had envisaged. He will always be welcome here and we should like to thank him and his coaching staff for their contribution.”

READ: European Champions, FC Bayern Munich taps into blockchain

The club’s recent poor run of form is the major reason behind his sack. It was also reported that he had lost the dressing room. Tottenham Hotspur has suffered three defeats in their last six games and was also eliminated from the Europa League this season by Dynamo Zagreb after a comfortable 2-0 home lead in the first leg of the game.

When rumours were all over regarding Jose Mourinho being relieved of his managerial duties, it was said that his compensation fee will be too much for the club to afford. According to The Independent, it is understood that the former Real Madrid and Chelsea manager will receive a £16m compensation fee.

This means the Portuguese manager will now have earned a total of £79million from just being sacked throughout his entire career.

READ: Manchester United announces Q2 2021 financial results, as net debt increases to £455.5m

Mourinho received a compensation fee of £18m from Chelsea when he was sacked in 2007, which is five years before he also received a £17.5m payoff to leave Spanish giants, Real Madrid.

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Mourinho was appointed as Chelsea’s manager again, he received £12.5m from the Blues when he left the Blues for the second time in 2015. He also earned £15m from Manchester United when he was sacked in December 2018. He will also receive £16m from today’s sack from Tottenham Hotspur.

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A £250 million yearly payout too hot to handle for Europe’s biggest clubs

UEFA has vehemently opposed the competition, which would obviously threaten the popularity and relevance of its own flagship competitions.

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The football world was stunned late on Sunday evening when the European Super League announced its formation, with 12 teams from 3 European nations, namely England, Spain, and Italy confirming their participation, with no representatives from Germany and France.

The founding teams are AC Milan, Arsenal, Atlético de Madrid, Chelsea, FC Barcelona, FC Internazionale Milano, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur. Three more teams will announce their participation before the end of the season while there will be 5 slots for qualifying teams.

The clubs will play midweek fixtures while continuing to play in their national leagues.

The ESL: A background

The competitive nature of the leagues around Europe has meant that a number of top teams miss out on playing in the Champions League, thereby affecting their finances, as well as the ability to attract top talent. Teams such as Arsenal and AC Milan, will mostly benefit from this, as they have been out of Europe’s top competition for a while, although they are European superpower teams.

The ESL offers a lucrative incentive: they won’t need to worry about qualification, which means that income is almost guaranteed. The Super League also offers a chance of regularly playing against the best teams on the continent, which will offer timely reminders on the gaps to the best teams, and also showcase in real time what needs to be done to close this gap.

Different schools of thought

The formation of the European Super League has been met with a lot of criticism by different sections of the football world, namely fans, pundits, the press, former players, as well as other stakeholders. The argument is that it favours the big clubs who will permanently be at the top table regardless of their final league positions.

The other condemnation is that it takes away the excitement many small clubs enjoy from testing their might against the big teams. Gone will be the archetypal fixtures of “good” vs evil”, a scenario in which a modest club through sheer financial prudence can test itself against teams who have oligarchs in charge with an almost inexhaustible pool of resources.

UEFA’s stance

UEFA released a strongly worded statement about its opposition to the competition, which would obviously threaten the popularity and relevance of its own flagship competitions, the UEFA Champions League and Europa League. A part of its statement, also signed by the Premier League, La Liga and Serie A, reads, “If this were to happen, we wish to reiterate that we – UEFA, the English FA, RFEF, FIGC, the Premier League, LaLiga, Lega Serie A, but also FIFA and all our member associations – will remain united in our efforts to stop this cynical project, a project that is founded on the self-interest of a few clubs at a time when society needs solidarity more than ever.”

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What the clubs stand to benefit

In its inaugural statement, the ESL said that the new tournament would provide significantly greater economic growth and support for European football, as well as include uncapped solidarity payments, which would be substantially higher than those in the current European competition.

Although the amount was not specified, it is believed that the amount will be expected to be in excess of €10bn (£8.6bn) during the “initial commitment period.” The founding clubs have also been promised a further €3.5bn (£3bn) for founding clubs to “support their infrastructure investment plans and to offset the impact of the COVID pandemic.” The Covid-19 pandemic affected the revenues of major European teams who rely on matchday revenues to augment other income streams.

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The potential TV rights from the ESL is also an attractive proposition, as it hopes to generate €4bn (£3.5bn) annually from broadcasters, with the founding clubs taking the greatest slice.

According to SkySports News reporter, Kaveh Solhekol, the European teams which make between £50-70 million a year from playing in the UEFA Champions League could be making as much as £250 million a year in the European Super League.

Final Thoughts

It is believed that the European Super League will not see the light of day due to stiff opposition from different quarters, but the groundworks have been laid already. If UEFA doesn’t try to make the big teams, who are the top draw of the competition, they would just become more disgruntled. It might not happen now, but it would, eventually. The incentives are too many to gloss over.

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