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Football Insider 3mos ago
Exclusive: Newcastle have agreed two deals worth more than £42m
Source:Football Insider

HomeExclusives Fri 7 June 2024 17:43, UK

Newcastle United will earn over PS42million per season from their Adidas deal and shirt sale commission, sources have told Football Insider.

The Tyneside club have struck a multi-year kit manufacturer deal with the German sportswear company starting in the 2024-25 season.

Newcastle launched their new home kit and training kit under Adidas on Friday morning (7 June) as previously reported by Football Insider.

The Adidas deal is worth PS30million per season to the club - a huge upgrade on their previous PS5million deal with Castore.

Alongside their Adidas partnership, Newcastle also announced a multi-year deal with UK-based retailer JD Sports on Tuesday (4 June) as their official sports retail partner.

Newcastle United to earn PS42m each season as Adidas kit launched Sources have told Football Insider that Newcastle will earn around PS12million in commission from shirt sales under Adidas to add to the base fee.

While the new kits are expected to be popular among the fanbase, Newcastle are only set to pocket a small portion of commission - around six to eight percent - from each sale.

The Magpies have already increased their off-pitch income significantly since their takeover in 2021 with commercial revenue climbing from PS26.5million in 2021-22 to PS43.9million in 2022-23.

In other news, Newcastle's 'secret' stance on Man City revealed by top source