Serie A: tyre brand Pirelli extends its historic shirt sponsorship of Inter Milan until 2021

The Italian tyre brand Pirelli, the main shirt sponsor of FC Internazionale Milano (Serie A TIM) since the 1995-96 season, has extended its contract with the Milan club for an additional five years, until the end of the 2020-21 season, announced the club on 17/02/2016, who stated that the agreement is being "finalised" at this time.

"The financial arrangements include a fixed component and a variable one based on the team’s sporting performance," said the club in a statement.

The annual fixed amount of the contract is expected to be €10m, according to several sources, down from the current allocation, estimated at €12.9m per year. Including bonuses, the amount of the new contract could reach €14m per year. The contract may contain a clause which would see the financial allocation double if Inter win the Champions League, according to Italian media.

"Strengthening of both brands in important markets such as China" (Inter press release on 17/02/2016)

• "The Pirelli brand has been on the Nerazzurri's shirt for a record-breaking 20 years and the preliminary arrangements, once…