Spanish champions FC Barcelona have agreed a new four-year deal for their shirt sponsorship with Japanese e-commerce company Rakuten worth US$235 million a year.
Rakuten is Japan's largest online retailer and the move reflects its desire for further global expansion. From the start of the 2017/18 European soccer season, its logo and branding will be placed on Barcelona's playing shirts, replacing the current sponsor Qatar Airways.
The deal includes an option to extend into a fifth year, and is worth significantly more to the La Liga club than the Qatar Airways agreement. According to reports, the airline was paying in the region of €30 million (US$32 million) a year. Rakuten's investment almost doubles that figure, coming in at €55 million (US$58 million) per year. The deal is thought to be rivalled only by Chevrolet's sponsorship of English giants Manchester United, which is also valued at US$58 million per season.
Barcelona's search for a replacement for Qatar Airways has been protracted. The club began looking almost two years ago, but ultimately ended up signing a one-year extension to that deal in the summer, after the original agreement expired in July.
Rakuten is Japan's largest online retailer and the move reflects its desire for further global expansion. From the start of the 2017/18 European soccer season, its logo and branding will be placed on Barcelona's playing shirts, replacing the current sponsor Qatar Airways.
The deal includes an option to extend into a fifth year, and is worth significantly more to the La Liga club than the Qatar Airways agreement. According to reports, the airline was paying in the region of €30 million (US$32 million) a year. Rakuten's investment almost doubles that figure, coming in at €55 million (US$58 million) per year. The deal is thought to be rivalled only by Chevrolet's sponsorship of English giants Manchester United, which is also valued at US$58 million per season.
Barcelona's search for a replacement for Qatar Airways has been protracted. The club began looking almost two years ago, but ultimately ended up signing a one-year extension to that deal in the summer, after the original agreement expired in July.
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