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NIKE (NKE)
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NIKE, Inc. : Manchester City and Nike Announce New Partnership

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05/04/2012 | 04:11pm CEST

May 04, 2012

Sponsorship of Manchester City Football Club moves from Umbro to the Nike brand from the start of the 2013/14 season.

NIKE Inc. has announced a new partnership that will see the sponsorship of Manchester City Football Club move from Umbro to the Nike brand from the start of the 2013/14 season.

The Umbro sponsorship of the English Premier League Club, which has been in place since June 2009, will continue to the end of the 2012/13 season, after which all kit, training wear and related products will be designed, manufactured and distributed by Nike. The contract will run until 2019.

"We're excited by the opportunity to further develop the relationship between City and Nike Inc, which builds on the successful partnership the club has already enjoyed with Umbro, and reflects both the ambitions of the club and the Nike brand's position within the world of football, commented Nike Brand President, Charlie Denson.

John Macbeath, Interim Chief Executive of Manchester City Football Club added "We are delighted to have further strengthened our relationship with the Nike family.  Nike's deserved reputation as the leading global sports brand, its unparalleled R&D capacity, leading global retail distribution networks and award winning marketing capabilities mean that this is a very important step forward in the evolution of Manchester City.

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Financials ($)
Sales 2018 36 039 M
EBIT 2018 4 862 M
Net income 2018 4 043 M
Finance 2018 2 045 M
Yield 2018 1,42%
P/E ratio 2018 22,51
P/E ratio 2019 19,61
EV / Sales 2018 2,45x
EV / Sales 2019 2,29x
Capitalization 90 195 M
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Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 62,2 $
Spread / Average Target 13%
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Managers
NameTitle
Mark G. Parker Chairman, President & Chief Executive Officer
Eric D. Sprunk Chief Operating Officer
Andrew Campion Chief Financial Officer & Executive Vice President
Philip Hampson Knight Chairman-Emeritus
Alan B. Graf Independent Director
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