Brazilian Football Association receives royalties for the first time

Brazilian Football Association announced that it has renewed its cooperation agreement with Nike, which will last until 2038. Since 1996, Nike has become a long-term partner of the Brazilian Football Association, providing full-range equipment support for Brazilian men's football, women's football, youth teams, Olympic teams, beach soccer teams and five-a-side football teams.

According to the latest reports, in the new contract renewed this time, Nike's sponsorship fee for Brazil jerseyhas increased significantly, from the original $35 million per year to $105 million per year. If royalties are included, the total sponsorship amount that the Brazilian Football Association can obtain each year is as high as $120 million.

It is worth mentioning that in addition to product licensing, this is also the first time in the history of the Brazilian Football Association that it has the right to share royalties from team soccer shirtsales, which undoubtedly brings a more substantial source of income to the Football Association.