FC Barcelona used social media and an email sent to the press to announce its new sponsorship deal with Nike which is believed to be the highest-paid in soccer.

LaLiga giants Barcelona have announced a new multi-year agreement with kit supplier Nike which will help to further alleviate their financial problems.

Barcelona have announced that they have reached an agreement with Nike over a new €1.7 billion kit sponsorship deal. The Blaugrana's financial issues could soon be alleviated to a certain extent. Negotiations over fresh terms with kit manufacturing giant Nike had been ongoing for several months and they have now reached a satisfactory conclusion.

Barcelona have renewed their relationship with kit manufacturer Nike, as the terms of a massively lucrative new contract are revealed.