Argentinian Superliga football club Boca Juniors has approved a 10-year contract that will see German sportswear company adidas replace US rival Nike as its kit partner.
Boca has yet to formally announce the news but Argentinian newspaper Clarín said the deal, which will run from 2020 to 2029, was approved at a club meeting yesterday (Monday).
The agreement will see the Buenos Aires giant change kit supplier for the first time in 23 years. Clarín said the terms lay out a fixed value of $10.069m (€9.03m) per year, plus royalty income from sale of Boca kits at home and abroad. In addition, Boca will receive a one-off payment of $3m at the signing of the contract.
Adidas is initially said to have put forward a five-year contract, with Nike offering to extend for 10 years, but for less money.
Adidas’ 10-year agreement was approved by a vote of 108 to 42 by Boca representatives.