Thursday, November 21, 2013
FIFA, Adidas extend WCup sponsor deal through 2030
ZURICH -- FIFA says World Cup ball supplier Adidas has extended its sponsorship to 2030.
The deal, announced Thursday in Moscow, will eventually complete a 60-year partnership.
The value was not disclosed, though FIFA top-tier sponsorships are currently estimated at about $100 million per four-year World Cup cycle.
Adidas will provide the "Brazuca" ball next year in Brazil after the much-criticized "Jabulani" was unpopular with players at the 2010 World Cup in South Africa.
Adidas is among six top-tier FIFA World Cup partners.
Coca-Cola and Hyundai previously extended their deals through 2022. Second-tier sponsor Budweiser is also signed until then.
FIFA earned $1.072 billion in marketing revenue from the 2010 World Cup. Most sponsors signed two-tournament packages to include Brazil.