Timão will receive $ 59 million per season and will be able to pocket up to $ 1.3 billion over the years
Corinthians have reached an agreement with Nike. Therefore, the club and the sports equipment provider renewed the contract by the end of 2036, according to “Ge”. Timon will receive $ 59 million per season and can pocket up to $ 1.3 billion, adding variable bonuses and earnings throughout the link.
In the last few days, Adidas has intensified the controversy to take the Corinthian shirt, but Nike has increased the offer and forwarded the agreement. After all, the company has been a Timão supplier since 2003
The relationship with the company was in question with the management of the former president Augusto Melo. As a result, Nike unilaterally triggered a renewal trigger by 2029. However, the validity is not recognized by the club because it was effective by Fisia, the official distributor of the supplier in Brazil.
However, the change in management in the Corinthians generated a rapprochement. Recently, Timão’s new advice met Nike, in order to strengthen the links. This, by the way, generated an annoyance in Adidas, which made a initially higher proposal. However, American society rose to renew the partnership.
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Source: Terra
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