Portugal: Nike extends partnership as the equipment supplier of the Federation until 2024

The American sports equipment brand Nike has extended its partnership as the equipment supplier of the Portuguese Football Federation for six years (from 01/01/2019 to 31/12/2024), on 11/10/2017. Nike has been a partner of the FPF since 1997. The agreement covers the 25 Portuguese national football, futsal, and beach soccer national teams.

Nike has the status of "FPF Partner", in the first level in the sponsorship hierarchy of the Portuguese Football Federation. The previous contract was concluded in March 2014, and was scheduled to end on 31/12/2018. The amount of the new contract, which has not been disclosed, is estimated to be between €5m and €10m per season by industry sources.

"Portugal was the Euro 2016 winner, two-time U-17 world champions, and beach soccer European and world champions. We have played in European finals in different age categories. The conclusion is obvious: with leading sponsors, we achieve excellent results," said Fernando Gomes, president of the Portuguese Football Federation, on 11/10/2017.

Portugal is the first national team equipped by Nike to have…