• Most Popular
  • Most Shared

UPDATE 1-Adidas snags Russian football deal from Nike

Mon Sep 8, 2008 8:14am EDT

Stocks

   

(Adds details and background)

Stocks  |  Global Markets  |  China  |  Russia

FRANKFURT, Sept 8 (Reuters) - Adidas (ADSG.DE) has signed a deal to supply the Russian Football Union (RFU) until 2018, the world's second-largest sports goods maker said on Monday, snagging the contract from arch-rival Nike (NKE.N).

Adidas will supply all RFU national teams including the Olympic soccer team from this month. The new jerseys will be available in retail trade early next year, Adidas said.

Russia's national team will wear the new kit with the Adidas three-stripe logo for the first time against Wales on Wednesday in a World Cup qualifying match.

The RFU covers 2.5 million players, 44,000 clubs, 156,000 teams and 37,000 referees.

The Russia's national team rose to fame this year when they reached the semi-finals of the Euro 2008 championship before being beaten by Spain, who went on to win the tournament.

Adidas already works with the football unions of Argentina, China, Denmark, France, Germany, Greece, Japan, Nigeria and Spain as well as the hosts of the 2010 World Cup, South Africa. It gave no details on how much the deal was worth. (Reporting by Eva Kuehnen; Editing by Quentin Bryar)

Stocks
Global Markets
China
Russia


More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The United States is investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet, but there is no early evidence the Nigerian suspect in the case was part of a larger plot, the U.S. homeland security chief said on Sunday. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets