Nike is allegedly offering Real Madrid an annual sum of €120-m to switch their allegiance from adidas, reports Spanish newspaper Okdiario.  According to the newspaper the club’s current contract with adidas, worth €45-m per year, runs until 2020, and the German brand has already made a new offer to retain the lucrative kit deal.

The Real Madrid Home shirt from adidas

The current agreement between Real Madrid and adidas is less than half the €100-m Nike will be paying FC Barcelona until 2028, or the €94-m that adidas will be paying Manchester United until 2026, reports They also report that the new FC Bayern-adidas kit sponsorship, which runs to 2030, is worth €60-m, slightly more than the €59-m New Balance is paying FC Liverpool until 2019.