Brazil extends Nike set offer to 2038 and it’s worth $100 million per year, AP source states

Brazil soccer hasactually extended its set offer with Nike by 12 years to 2038

SAO PAULO — Brazil soccer extended its package offer with Nike by 12 years to 2038 on Friday.

A individual familiar with the arrangement informed The Associated Press it was worth $100 million per year, plus royalties on the sale of nationwide group t-shirts which were not consistedof in previous agreements.

The individual spoke on condition of privacy since they weren’t licensed to divulge the terms of the offer.

For the veryfirst time, the Brazilian Football Confederation will likewise be permitted to license items and open shops worldwide.

“This agreement reveals the strength of Brazilian soccer,” CBF president Ednaldo Rodrigues stated. “This is one of the longest and most effective collaborations in soccer and, toge