Galatasaray's new kit supplier has been announced! 25 million Euro revenue...
Galatasaray has announced that it has signed a 5-year contract with Puma for its new season kits and training gear. The yellow-reds will generate 25 million Euros in revenue from this deal.
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Galatasaray's kit supplier has changed. The partnership with Nike will end at the end of the season, and the yellow-reds will begin working with PUMA starting July 1, 2024.
Galatasaray notified the Public Disclosure Platform of the new agreement. Accordingly, the yellow-reds will earn a fixed revenue of 25 million Euros over 5 years.
The statement from the yellow-reds included the following: "A Sponsorship and Licensing Agreement has been concluded between our Company and Puma Spor Giyim Sanayi AŞ (Puma), which will commence on 01.07.2024, the start date of the 2024/2025 Football Season, and will end on 30.06.2029, the end date of the 2028/2029 Football season, and will be valid for 5 (five) football seasons. Within the scope of this Sponsorship and Licensing Agreement, Puma will make a total net fixed payment of 25,000,000 EURO to our Company, as well as bonus payments in accordance with a bonus and reward system based on sporting success, and in addition to these, royalty payments calculated on the sales of our Company's licensed products to be made by Puma."