Bayern Munich, Adidas Agree to New '£650M' Kit Deal: Full Details and Comments

Bayern Munich will wear Adidas kits until at least 2030 after inking a new €900 million (£650 million) contract with the sportswear company, according to Liam Corless of the Mirror.

This will allegedly see the Bundesliga champions make €60 million (£43 million) per season just for wearing kits sporting the famous three stripes.

Pep Guardiola's team is one of the most marketable in the world because of its constant success and range of individual stars. Bayern won the Champions League in 2013 and confirmed their third consecutive German title on Sunday.

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They are in the last four of Europe's elite club competition this season and look set to continue dominating for years to come, with global favourites such as Arjen Robben, Manuel Neuer and Franck Ribery leading the way.

Oliver Bruggen, a spokesperson for Adidas, said of the deal, reported by Corless:

"

The contract extension until 2030 sees Adidas continue its decades-long successful partnership with FC Bayern Munich. We will focus even more closely in future on partnerships with selected top clubs and associations in international football and with young emerging players.

"

He didn't divulge exactly how much the club will earn, however.

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If the reported figures are true, Bayern's contract will be the second-most lucrative in world football; Manchester United recently signed a 10-year deal worth a record £750 million with Adidas.

Such agreements are pivotal in the era of financial fair play, which, among other things, tasks clubs with breaking even.

Extra cash from sponsors generates funds to sign new stars, which in turn produces a new avenue of promotion for the sportswear giants. Win-win for all involved.