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NIKE INC (NKE)

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

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05/04/2012 | 10:11am EST

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 2017 34 592 M
EBIT 2017 4 680 M
Net income 2017 3 942 M
Finance 2017 2 435 M
Yield 2017 1,24%
P/E ratio 2017 24,75
P/E ratio 2018 22,02
EV / Sales 2017 2,70x
EV / Sales 2018 2,53x
Capitalization 95 728 M
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Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 61,8 $
Spread / Average Target 6,8%
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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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