Nike will not renew kit deal with Man Utd

Tuesday 08 July 2014 18.20
Nike has supplied Manchester United's kit since 2002
Nike has supplied Manchester United's kit since 2002

US sportswear company Nike has confirmed that it would not renew its kit supply deal with English soccer club Manchester United when it expires next year.

"Any partnership with a club or federation has to be mutually beneficial and the terms that were on offer for a renewed contract did not represent good value for Nike's shareholders," the company said in a statement.

German rival Adidas is expected to replace Nike as a partner of the 20-times English champions.