German soccer team to keep wearing Adidas
FRANKFURT (Reuters) - Germany's national soccer team will continue to wear Adidas (ADSG.DE) kit after rejecting a higher sponsorship deal from sport goods rival Nike (NKE.N).
The German football association (DFB) said on Friday it had agreed to a settlement in a supply dispute with Adidas.
Nike offered 500 million euros ($678.4 million) to provide the German team's kit for eight years from 2011, an amount many times more than Adidas's deal.
"German football has lost a great chance," a Nike spokesman in Germany said, He added Nike was not planning a legal challenge against the decision.
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