Nike will not renew kit contract with Manchester United
"Any partnership with a club or federation has to be mutually beneficial," Beaverton, Oregon-based Nike said in an e-mailed statement. "The terms that were on offer for a renewed contract did not represent good value for Nike’s shareholders."
United finished this past season in seventh, just one year removed from a Premier League title. The club will be managed by Louis van Gaal after the World Cup, where he is currently managing the Dutch national team.
- Sarah Barshop