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Real Madrid and Adidas reach agreement over contract extension

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The new deal will expire in 2028.

Real Madrid CF v Getafe CF - La Liga Photo by Denis Doyle/Getty Images

Real Madrid and German manufacturer Adidas have reached an agreement to extend their contract until 2028, according to reports from MARCA and El Mundo. The announcement of this deal could be official this very same week, per those same reports.

Real Madrid would get around €120 million/year thanks to this agreement, becoming the best-paid club in football.

Adidas and Madrid became partners in 1998 and have been working together ever since. Increasing these revenues is key for Real Madrid and even more so now that they are going to rebuild the Santiago Bernabeu. Adidas was forced to make this kind of effort after they decided to pay Manchester United €94 million back in 2015. Los Blancos have arguably been the most successful club in recent years and now they will be rewarded.

Both parts will be expected to unveil the kit for the 2019-2020 season in the next few weeks, right after the end of the current season.