Prestwich_Blue said:
We signed a 6-year, £72m deal with Nike last summer according to the press. This was originally a 10-year, £60m deal with Umbro in 2009 but that got renegotiated with Nike when they sold Umbro.
I thought that the £72m was the guaranteed portion of the contract but that (because City is a club that's developed rapidly in the last few years and may continue to do so) the contract is heavily weighted towards bonus payments. In other words, what City receive could be substantially more depending on what we win and what levels of sales we rack up.
Clubs that are more established as part of the elite can demand that payment levels be guaranteed (as opposed to being conditional on these types of things) because that's seen as less of a risk to the kit manufacturer than agreeing guaranteed payments with a parvenu. However, I'll bet that if we propser between now and the end of the Nike deal then we'll be pulling in quite a bit more than £12m a year.
Of course, I stand to be corrected if anyone has information to the contrary from an authoritative source.