Celtic football club are close to signing a new £25million kit deal with Nike that could rise to £29m.
The new agreement will be starting in July 2010 and will run for 5 years, extending Nike's association with Celtic to 10 years. Their kit deal started in the summer of 2005.
The contract has yet to be signed, but it understood that Celtic could rake in further bonus payments for reaching certain stages of European competition and the club will also benefit from royalty payments on sales.
Talks have been held over the last 6 weeks but Celtic and Nike are close to announcing they have reached an new agreement.