
Man City sign kit deal worth reported £1 billion - World
City's extension of their contract with Puma ranks as the largest kit manufacturing partnership in Premier League history.
Having agreed a £65 million per year deal with the German company in 2019, City's new arrangement is believed to be worth a £100 million per year until 2035, according to British media reports.
That figure shatters the £90 million per year deal signed by Manchester United with Adidas in 2023.
Spanish giants Real Madrid and Barcelona are both reported to have kit deals worth in excess of £100 million per year.
"We joined forces with Puma with the ambition to challenge ourselves and go beyond the expectations. We have achieved this and more over the last six seasons," City Football Group chief executive Ferran Soriano said.
"Puma have seamlessly integrated into our organisation, and we have enjoyed many historic moments together, engaging fans globally."
Puma chief executive Arthur Hoeld added: "Puma's partnership with Manchester City has been a great success both on and off the pitch.
"Trophies, a perfect stage for our performance products and commercial success were exceptional."
City's massive deal comes after the club's first season without major silverware since 2016-17.
Pep Guardiola's men finished third in the Premier League after winning the title for the previous four seasons.
They also suffered a shock FA Cup final defeat against Crystal Palace and crashed out of the recent Club World Cup in the last 16 against Saudi Pro League side Al-Hilal.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)
Follow us on:
Short link:
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Germany Reaffirms Commitment to Minimum Tax on Multinational Corporations
Taarek Refaat Germany reaffirmed its commitment to the global agreement for a minimum 15% tax on the profits of multinational corporations, despite a recent exception made for U.S. companies. The announcement came from German Finance Minister, Lars Klingbeil, who addressed the matter during a joint press conference with French Finance Minister Eric Lombard near Berlin on Wednesday. Klingbeil emphasized that both he and Chancellor Friedrich Merz are fully aligned in their support for the international tax framework, stating: 'The Chancellor and I are united in our commitment to this global tax, and we will do everything in our power to keep this project on track.' The issue gained significant traction last month when the G7 nations agreed to grant U.S. companies an exemption from the first pillar of the tax agreement. This pillar aimed to impose taxes on digital companies based on their customers' countries. The exemption was viewed as a major win for the Trump administration, which had heavily lobbied for such a concession. Despite this, reports from German media on Tuesday revealed that Chancellor Friedrich Merz expressed skepticism regarding the future of the global tax initiative. However, Minister Klingbeil denied any internal disagreement, assuring that Germany remains committed to the broader project. In 2021, approximately 140 countries reached a historic agreement under the Organization for Economic Cooperation and Development (OECD) on taxing multinational corporations. The agreement consists of two key pillars, including focusing on taxing companies, particularly digital ones, in the countries where their customers are located, and establishing a global minimum tax rate of 15% on profits. Since returning to power, U.S. President Donald Trump announced his country's withdrawal from Pillar One. Trump also threatened retaliatory actions against any nation that applies this provision to American companies. Despite the U.S. exit from Pillar One, Pillar Two is still in effect in about 60 countries, including major economies such as Brazil, the UK, Canada, Japan, Switzerland, and European Union member states. Klingbeil's comments highlight Germany's ongoing efforts to preserve and implement the minimum tax system. This global tax framework is seen as an important step in addressing tax avoidance by large multinational corporations, particularly those in the digital sector. While the U.S. exemption under Pillar One has raised concerns, Germany and other nations remain focused on the broader goal of creating a fairer tax system that prevents large corporations from exploiting lower tax jurisdictions. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream


Daily News Egypt
8 hours ago
- Daily News Egypt
At London ‘Egypt Day', Finance Minister outlines pro-investment policies
Egypt is seeking a deeper partnership with global financial institutions and investors to build a more competitive economy, its finance minister said on Monday during an 'Egypt Day' event at the London Stock Exchange. Ahmed Kouchouk stated that Egypt is opening its doors to all with promising and diverse economic opportunities. 'We renew our commitment to transparency and our presence in the most important international financial markets, and to working together to improve policies and seek new opportunities to attract more investment flows,' Kouchouk said in his opening address. He described the event as a strong opportunity for dialogue and building long-term strategic partnerships based on trust and clarity. 'What we present today are not just visions and ideas, but an integrated policy framework that seeks to remove obstacles to private sector growth and achieve greater openness to global innovation and investment,' the minister added. Kouchouk expressed his appreciation for the London Stock Exchange's long-standing partnership, which he said reflects the spirit of cooperation between Egypt and British financial institutions. The minister outlined that Egypt is in a new phase of economic reform focused on fiscal sustainability, empowering the private sector, and boosting industrial and export activities. 'The government is working in full coordination between its institutions to improve the investment climate and enhance confidence in the national economy,' he said. 'The economic ministerial group is a very cohesive team, working with a more comprehensive, consistent, and integrated vision towards a clear goal: for our economy to be more resilient, competitive, attractive to investors, responsive to the future, and forward-looking in development and innovation.'


Al-Ahram Weekly
8 hours ago
- Al-Ahram Weekly
Yamal takes iconic Barcelona number 10 shirt - World
Young Barcelona star Lamine Yamal inherited the club's number 10 shirt, previously worn by all-time great Lionel Messi, on Wednesday. "Our 10," wrote Barca on social media, accompanied by a video featuring Yamal. The 18-year-old winger, often compared to the Argentine superstar who also came through the club's La Masia youth academy, helped the Catalan giants win a domestic treble last season. Yamal has scored 25 goals for the club in over 100 appearances, making his debut in 2023 at the age of 15 wearing the number 41 shirt. Lamine Yamal 10 🫶 — FC Barcelona (@FCBarcelona) July 16, 2025 After a season wearing the 27, last summer Yamal followed in Messi's footsteps by taking the number 19, which the Argentine wore at the club between 2005 and 2008. Ansu Fati inherited Messi's number 10 shirt in 2021, when now Inter Miami player left Barca for Paris Saint-Germain. Beset by a series of injuries Fati was unable to fulfil his potential at Barca and signed on loan for Monaco earlier in July. Other star names including Diego Maradona, Ronaldinho and Rivaldo have worn the Barcelona number 10 shirt in the past. Yamal made headlines after celebrating his 18th birthday last weekend with a private event involving hired entertainers with dwarfism. This number is his now 🔟💙❤️ — FC Barcelona (@FCBarcelona) July 16, 2025 Spain's Ministry of Social Rights asked the public prosecutor to investigate the party after a complaint from the Association for People with Achondroplasia and Other Skeletal Dysplasias (ADEE). (For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.) Follow us on: Facebook Instagram Whatsapp Short link: