Manchester City have agreed to a £650m sponsorship deal with Puma, this is the second-highest in the Premier League.
The new deal by the reigning Premier League champion sits only behind Manchester United’s with Adidas when it comes to the most lucrative in the English top-flight.
City, who currently work in partnership with Nike, will see a new sponsorship contract kick in from the summer of 2019.
The club’s chief executive, Ferran Soriano, has said:
“It’s a historic day for us because what we are doing has not been done before, an unprecedented partnership covering five clubs over four continents.”
The figures represent a huge hike on City’s current kit contract, which stands at £20m a year with Nike.
Initial discussions with Puma centred on producing kits solely for City before other clubs under their umbrella were later brought to the table.