Spanish soccer giants Barcelona have struck a new, lucrative, multi-year deal with current kit supplier Nike, less than nine months are claiming they were terminating the previous tie-up between the two parties.

Barcelona have announced a new multi-year partnership with kit supplier Nike. The deal continues an association between the Spanish club and American sports brand that dates back to 1998. The new agreement comes into force this season.

Despite months of negotiations leading to a new, lucrative sponsorship deal with Nike, Barcelona still have a long road ahead in their quest to comply with La Liga’s 1:1 Financial Fair Play rule,

Barcelona have announced that they have reached an agreement with Nike over a new €1.7 billion kit sponsorship deal. The Blaugrana's financial issues could soon be alleviated to a certain extent. Negotiations over fresh terms with kit manufacturing giant Nike had been ongoing for several months and they have now reached a satisfactory conclusion.