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.
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."
News Source: 12punto
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