: Manchester United extends Adidas deal in pact worth $1.2 billion

U.K. soccer club Manchester United MANU said it’s extending its apparel relationship with Adidas XE:ADS. The deal will last an additional 10 years, running through June 2035, and a has minimum cash guarantee of £900 million ($1.16 billion), the club said. Manchester United stock has slipped 3% this year despite talks it’s held to be sold. Adidas shares have rocketed 45% this year, though weakened slightly in midday trade.

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