FC Barcelona and Nike inc. have reached an agreement to extend their current deal by five years until 2013. The deal is thought to be worth around 150m Euros (189m Dollars). The agreement also includes a clause whereby the contract can be extended five years more until the year 2018.
"FC Barcelona is one of the best football teams and one of the most attractive to watch. We are extremely satisfied in extending this contract", said Mark Marker, president and CEO of Nike Inc. "The relationships we hold with top football clubs such as FC Barcelona help us to maintain our role in the world's most popular sport and to be the most important brand in the world of football".