SOUTH KOREA- Nike have extended its sponsorship of the Korean Football Association (KFA) for $27 million over a four year period. As part of the rights they would supply the national football team’s uniforms.

As part of the new contract, Nike will provide the national team with 24 billion won worth in sporting products and allow national team players to use cleats from other brands, the KFA said. Nike had paid the KFA a total of 15 billion won ($16.3 million) for a five-year contract that expires on Dec. 31.

In its previous contract with Nike, the KFA agreed on a “blackout option,” which requires national team players to erase the logos on their cleats if they were not Nike products.

Image: REUTERS/Choi Bu-Seok

        

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