Nike Talks With Manchester City At High Price

It is reported that the financial revenue of the defending champion Manchester City is expected to improve further. They are ready to renegotiate the sponsorship contract with Nike, the sports giant, and their sponsorship fees are expected to rise to 20 million pounds a year.

Manchester City and Nike have 12 million pounds a year.

There are still 3 years left. The contract was made almost 3 years ago.

But as the club continues to gain success on the pitch and off the court,

Manchester City and Nike are both interested in re signing a sponsorship contract.

Though not equal to the deadly enemy of the same city, Manchester United.

The annual sponsorship contract of 75 million pounds is signed, but Manchester City is still expected to make a significant increase in the sponsorship fee through the negotiation with Nike.

If Manchester City can't get this figure to 20 million, it will be very surprising.

The fact is that Nike has lost Manchester United and Arsenal's two partners in the sponsorship list of the Premier League, which makes them very determined to retain the existing Premier League sponsorship partners.

Increasing the cost of sponsorship will also help further improve the financial situation of Manchester City.

Manchester City was fined 50 million pounds for being judged by the UEFA to violate the financial fairness act.

But if Manchester City meets the requirements of fiscal fairness within the time limit, the fine will be reduced to 20 million pounds.

Related links:

According to reports, the Australian luxury retail industry will achieve 2 billion 400 million yuan sales in the 2019 to 2020 fiscal year.

The Luxury Retailing industry realized 908 million 700 thousand yuan in the 2009 to 2010 fiscal year, and is expected to achieve 9.8% growth in the 2014 to 2015 fiscal year with a total revenue of 1 billion 600 million yuan.

A report on Australia's luxury retail industry said that the relatively stable economy in Australia gave residents a more abundant disposable income and therefore a higher level of luxury consumption.

Because of the favorable conditions of the Australian market, many brands are expanding strongly here.

At present, the top three luxury brands in Australia are Louis Weedon, Tiffany and Prada.

But Australia's luxury retail market has also been boosted by the purchase of wealthy overseas tourists.

A report from Euromonitor, a European market research firm, said that Chinese tourists had made a large number of trips to Australia to become one of Australia's largest source of tourists.

In 2012, 626 thousand Chinese tourists went to Australia. Many of them bought luxuries in order to avoid high tariffs and luxury tax.

Chinese consumers are the most expensive visitors to Australia, with an average cost of about 7 thousand yuan per trip per person.

According to reports, Louis Weedon's flagship store on George street in Sydney has annual sales of up to 80 million yuan, while Chanel's annual sales in Sydney's West tin shopping center are as high as 20 million yuan.