FC Barcelona members ratified the club’s new long-term agreement with Nike at an “emergency assembly” on Saturday with President Joan Laporta "claiming the deal is the biggest of its kind ever signed.” There were 419 votes in favor of the deal with Nike and 27 against, while 22 people abstained from voting. Barcelona has not disclosed the full details of the agreement, but sources said that it is worth more than $104.2M “annually before bonuses are taken into account.” The multiyear agreement with Nike will “help to further alleviate the Catalan club's financial problems.” Barcelona and Nike have worked together since 1998 (ESPN.com, 12/21).
Barcelona ratifies new long-term Nike deal
