08.06.2024 08:00:15 - dpa-AFX: Adidas CEO attacks DFB over kit deal but wouldn't have matched Nike

DUSSELDORF (dpa-AFX) - Adidas CEO Björn Gulden has criticised a lack of
communication by the German Football Federation (DFB) around a new
national teams kit deal but conceded they would have not matched the
reported offer from rivals Nike.

Gulden told the Frankfurter Allgemeine Sonntagszeitung paper that
Adidas had only been able to submit one offer and not been given an
opportunity for further negotiations, a practice he named unusual in
the business.

'I would have wished for a talk with the DFB,' he said.

The DFB announced in March that they would end a decades-long
partnership with Germany-based Adidas in 2026 and switch to American
brand Nike on a deal from 2027 until 2034.

The deal drew criticism, including from politicians such as Economics
Minister Robert Habeck who would have preferred 'a bit more local
patriotism' from the DFB.

Gulden didn't want to lament this aspect and conceded that Adidas
would not have matched the Nike offer.

The DFB only said that Nike offered considerably more than Adidas.
Business paper Handelsblatt, citing industry sources, said the Nike
deal will be worth more than ?100 million ($108 million) per year,
double the ?50 million a year Adidas are said to be paying.

'We have a free economy, you can choose the package that suits you
financially. That's why the final result is completely OK for us. And
if the DFB really does get that much money in the near future, then
hats off,' Gulden said.

'We certainly wouldn't have offered that much,' he added.


Copyright dpa
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ADIDAS AG NA O.N. A1EWWW Frankfurt 222,600 27.06.24 17:28:28 +2,400 +1,09% 0,000 0,000 222,500 220,200

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