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German soccer Federation to move to Nike?


dfwabel

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This story is taken from the AP (via BusinessWeek)

FRANKFURT, Germany

Nike has made a $777 million offer to the German soccer federation to replace Adidas as the official supplier of its men's and women's teams.

Federation president Theo Zwanziger confirmed the figure for the first time Tuesday at a news conference. The offer itself has been known for months.

"I can't say I am selling a product for one-sixth of what someone else is offering me," Zwanziger said.

Nike has offered an eight-year deal, plus a signing bonus and sum for the German women's team, which won the 2003 World Cup title.

Adidas is based in Germany and began sponsoring the country's national team before it won the first of its three World Cup titles in 1954.

Germany and Adidas have held inconclusive talks on the future of the current contract. The two sides cannot agree if the current sponsoring deal ends in 2011, as contented by DFB, or in 2014, as argued by Adidas.

More talks will be held, Zwanziger said.

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This story is taken from the AP (via BusinessWeek)

FRANKFURT, Germany

Nike has made a $777 million offer to the German soccer federation to replace Adidas as the official supplier of its men's and women's teams.

Federation president Theo Zwanziger confirmed the figure for the first time Tuesday at a news conference. The offer itself has been known for months.

"I can't say I am selling a product for one-sixth of what someone else is offering me," Zwanziger said.

Nike has offered an eight-year deal, plus a signing bonus and sum for the German women's team, which won the 2003 World Cup title.

Adidas is based in Germany and began sponsoring the country's national team before it won the first of its three World Cup titles in 1954.

Germany and Adidas have held inconclusive talks on the future of the current contract. The two sides cannot agree if the current sponsoring deal ends in 2011, as contented by DFB, or in 2014, as argued by Adidas.

More talks will be held, Zwanziger said.

die Fußballmannschaft mit dem Rauschen!

http://boards.sportslogos.net/index.php?sh...c=43954&hl=

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