New Wolfsburg Nike Contract- Wolves ink 10 year deal with Nike, to leave Kappa
According to reports in the German media, Wolfsburg have entered into an agreement with Nike for a new ten year contract. The Wolves are currently with Kappa, with the Italian firm’s contract due to run till 2019. However it is believed that Nike will buy out the contract, with the first kits as part of the new deal due to emerge in 2017.
The value of the deal is apparently 80 million euros over ten years (8m euros per year). While it is a significant sum, Nike might be getting themselves a good deal, especially if Wolfsburg manage to maintain their Champions League status. The amount also appears to pale in front of similar deals for Dortmund (15m euros per year from Puma according to domestic reports) and Bayern (60m euros per year- Adidas)
The Wolves are also one of the German clubs affected by the recent Volkswagen emissions Scandal, and confirmation of this Nike deal will go a long way in easing some of the financial hit that the club may take should VW
pull out of football
Nike made kits for Wolfsburg when they won then Bundesliga title in 2008-09 under the stewardship of Felix Magath.