PSG signs contract extension with supplier Nike until 2032

PARIS — French champion Paris Saint-Germain has signed a contract extension with supplier Nike until 2032.

No financial details were given but the deal is reportedly worth 80 million euros ($91 million) per year.

PSG, valued at 914 million euros ($1.04 billion), says the deal helps "further build the brand's success globally" and includes the men and women's soccer teams as well as the handball team.

PSG has worked with Nike since 1989.

PSG president Nasser Al-Khelaifi says the agreement "reflects what the club has become on the global stage and the great ambitions we have."

PSG has been owned by Qatari investors QSI since June 2011, but has failed to get past the quarterfinals of the Champions League despite massive investment.

___

More AP soccer: https://apnews.com/apf-Soccer and https://twitter.com/AP_Sports

You may also like these

'The Game of the Century': Boca Juniors vs. River...

Nov 8, 2018

"The Game of the Century": Boca Juniors to face River Plate in the Copa Libertadores final

Boca Juniors not renewing contract of coach...

Dec 14, 2018

Boca Juniors will not renew its contract with coach Guillermo Barros Schelotto after losing to...

Diego Maradona's lawyer says ex-star fathered 3...

Mar 8, 2019

Diego Maradona's lawyer says that the former soccer star and current coach of Mexican club Dorados...

China hopes teenager could become first male...

Jan 27, 2017

In China, the women have enjoyed all the success in tennis, winning Grand Slam titles, Olympic gold...

Aussies end war-torn Syria's World Cup hopes in...

Oct 10, 2017

War-torn Syria's hopes of qualifying for the World Cup have ended in a 2-1 extra-time loss to...

Sign up now!