Arsenal reveals its 2014-2105 kit as Nike announces it will end 13-year deal with Manchester United

A big day for Arsenal, revealing 2014-2015 Puma kit as Alexis Sanchez arrives, while Manchester United’s 13 year deal with Nike comes to an end.

IMAGE DISTRIBUTED FOR PUMA - Left to right Mathieu Flamini, Mikel Arteta, Santi Cazorla pose as fans gather around in the PUMA store on Carnaby St. in London in anticipation of the launch of the new Arsenal Kit Trilogy. Video of the event is available from 05.30 BST on 11 July 2014 at http://www.apassignments.com/multimedia-newsroom. (AP Images for PUMA)

NIKE will end its sponsorship deal with Manchester United after the 2014-15 season.

The Oregon-based sports apparel and shoe maker confirmed the end of the 13-year equipment supply contract in an email.

“Any partnership with a club or federation has to be mutually beneficial, and the terms that were on offer for a renewed contract did not represent good value for Nike’s shareholders,” the company said. “We look forward to a successful final season with the club.”

The club’s deal with Nike was worth a minimum 303 million pounds, nearly $519 million at today’s exchange rate.

Manchester United recently unveiled its red Nike home jerseys for the coming season, which feature a gold Chevrolet logo - reflecting the American automaker’s seven-year jersey sponsorship deal with the team worth $559 million.

The English Premier League side has been negotiating since January with several companies for a new equipment supply contract. Adidas, Warrior and Puma were among the companies interested in taking over as supplier.

MANCHESTER UNITED LAUNCHES NEW JERSEY

Adidas, based in Germany, did not respond to email seeking comment. Puma unveiled its new uniforms for rival Premier League club Arsenal on Thursday.

Manchester United has one of the most lucrative brands in sports and is the biggest money-maker in English football, generating $602 million in 2012-13. The club, purchased by the Glazer family in 2005, is listed on the New York Stock Exchange.

In April, United sold the naming rights to its training ground as part of a sponsorship deal with London-based insurance firm Aon estimated to be worth $230 million. The eight-year agreement, which starts this month, includes the Aon name on training jerseys.

Aon previously sponsored United’s match uniforms until the deal with Chevrolet.

Meanwhile, Arsenal fans got a glimpse of their 2014-2015 colours as they learned that Alexis Sanchez was joining the club from Barcelona.

Here's @19SCazorla, @m8arteta and Mathieu Flamini on stage at tonight's @PUMA launch event #StrongerTogether pic.twitter.com/NzAT661EUC

— Arsenal FC (@Arsenal) July 10, 2014

Santi Cazorla, Mikel Arteta and Mathieu Flamini modelled the new kit at Puma’s store in London, before a spectacular launch on the River Thames.

The deal is reportedly worth $55m a year.

Originally published as Arsenal reveals its 2014-2105 kit as Nike announces it will end 13-year deal with Manchester United