Tuesday, January 7, 2020

Liverpool Sub New Balance with Nike

Liverpool announced Tuesday that Nike are their new kit manufacturer from the 2020-21 season!

When it was initially reported that the Reds were seeking a considerably bigger deal when their agreement with New Balance ends, the belief was that this would come close to Manchester United‘s English-record £75 million-a-season contract with Adidas. 

But the base figure is actually lesser than the £45 million a season agreed with New Balance, with both the Times‘ Paul Joyce and The Athletic‘s James Pearce revealing it will be a guaranteed £30 million a season.

This seems low, but in addition to that Nike are offering 20 percent royalties for merchandise sales, reduced to five percent for footwear. 

Furthermore, they will be given “£2 million worth of licensed products per season plus a 19 percent discount on standard UK wholesale prices for additional products,” according to Pearce. 

Bonuses for winning the Champions League (£4m), reaching the final (£2m) and winning the Premier League (£2m) are also included. 

A conservative estimate places Liverpool’s projected earnings at around £70 million a season. 

But sports marketing expert Alan Seymour, who spoke to UK's Evening Standard, is predicting that the deal will be worth “in excess of £80 million and upwards to the £100 million value”.

In the US of A, Los Angeles prosecutors have announced criminal charges against Harvey Weinstein (left) on Monday, following the start of the disgraced movie mogul’s rape trial in New York. 

Weinstein was charged with raping one woman and sexually assaulting another in separate incidents over a two-day period in 2013. The felony charges include forcible rape, forcible oral copulation, sexual penetration by use of force and sexual battery by restraint. The victims have not been publicly identified.

The news of an LA case comes as Weinstein has pleaded not guilty to five counts in New York, including raping a woman in 2013 and forcing another woman to engage in oral sexual conduct in 2006. The most serious charge is predatory sexual assault, which carries a potential life sentence.

No comments: