Luis Suarez
Photo Credit: Goal.com

Barcelona Announce New N110bn Shirt Sponsorship Deal

By Adebayo Williams

Barcelona have announced that they will have a new name in front of their jersey from the start of the start of the 2017-18 season. The Spanish giants have signed a four-year deal worth N11o billion (€220 million) with Japanese eCommerce company, Rakuten.

“As FC Barcelona’s Main Global Partner, Rakuten is set to power our global brand strategy and, as FCB’s first-ever Global Innovation and Entertainment Partner, we are looking to bring the collective power of our brands like Viber, Wuaki, Ebates, Kobo, and PriceMinister to build an innovation framework that will deliver innovative solutions and services to fans, members and players,” said Hiroshi Mikitani, Chairman and CEO of Rakuten, Inc.

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Rakuten will replace Qatar Airways as the main sponsor of Barcelona, having taken on the role in 2013. Qatar Airways extended their deal at the end of the 2015-16 season for an additional year.

“I am very excited about joining the Barça community as I have personally followed the team for decades and have long admired their unique playing style and professionalism, their commitment to success and their culture of nurturing young talent – all values we share at Rakuten.”

Up until 2011, the Catalan giants refused to have a corporate sponsor on their jerseys, having advertised global children’s charity UNICEF on their kits. However, a €150m deal was signed with the Qatar Foundation at the start of the 2011-12 season to change this approach, with Qatar Airways replacing them in 2013, before Rakuten will follow suit in 2017.

Barcelona currently sit in second place in the Spanish top flight, just two points behind leaders Real Madrid after 11 games of the 2016-17 La Liga season.

Source: Goal.com

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