Daily Star Sunday
United: Kit deal still Ads up for us
MANCHESTER UNITED are confident that they will not be left with a
£75million hole in their finances after kit manufacturers Adidas hit financial trouble.
United are one of six Premier League clubs who have their shirts made by the German sportswear giants.
And Old Trafford bosses are aware that Adidas have asked the German government about a £1.75billion bailout after their business was floored by the coronavirus crisis.
Just as alarming is that Adidas failed to meet a scheduled payment of less than £1.5m to Brazilian club Flamengo at the start of the month.
But Adidas have informed the Rio giants the money is late due to cash problems caused by the pandemic and rivals Cruzeiro, Internacional and Sao Paulo will also be affected.
United believe that financial issues hitting those four clubs are with the company’s South America subsidiary and will not impact in Europe.
An Old Trafford insider said: “We have not had any contact with Adidas which would suggest they will have a problem meeting their obligation.”
Arsenal, Leicester, Sheffield United, Watford and Wolves also have kits manufactured by the company.
United are halfway through the 10-year
£750m-deal they signed with Adidas in 2015.
£60m-a-season from a five-year agreement.
Adidas had a global turnover of £21.92bn last year and cash revenues of £873m in the bank. But they have been in talks with state-owned bank KfW about a loan between