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

Boca-River Copa Libertadores final postponed...

Nov 25, 2018

The Copa Libertadores final between fierce Argentine rivals Boca Juniors and River Plate was...

In soccer-mad Argentina, women fight sexism and...

Feb 7, 2019

Macarena Sanchez takes a stand to turn female soccer professional in Argentina

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...

Argentina announces professionalization of...

Mar 16, 2019

Argentina's soccer association has announced that the national women's league will now be granted...

Australia to host Syria in Sydney in World Cup...

Sep 6, 2017

Sydney to host World Cup qualifier between Australia and Syria on Oct. 10

Sign up now!