Nike Nears Sponsorship Deal With Chelsea FC

May 18, 2016 2:00 AM

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Nike Nears Sponsorship Deal With Chelsea FC

Deal valued at $75 million per year and follows Premier League club’s split with Adidas

Chelsea FC and Nike Inc. NKE -1.13 % are in advanced talks to sign an outfitting rights deal valued at $75 million per year for the English Premier League club, a person familiar with the matter said.

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