Manchester United have reportedly dismissed concerns they could miss out on £75 million worth of income as a result of Adidas' financial problems.
In 2015, Adidas agreed a 10-year deal with United to manufacture their kits, which was worth £750 million split into yearly instalments of £75m.
But the German sportswear manufacturer has hit financial problems after sales were hit by the coronavirus pandemic.
Despite a global turnover of £29.92 billion last year and boasting cash revenues of £873m in the bank, they've been in talks with state-owned bank KfW about a loan of between £900million and £1.75billion.
Adidas recently failed to pay a £1.5m sum owed to Brazilian club Flamengo and confirmed the payment would be delayed as a result of the global health crisis.
The brand has also warned other Brazilian clubs, Cruizeiro, Internacional and Sao Paulo that instalments will be delayed in the coming weeks.
Adidas' financial struggles has now sparked concerns that they will be unable to meet payments owed to their biggest clients, notably United.
But, according to the Mirror, an Old Trafford insider is confident that payments will be made on time and that the club won't be left with a dent in their finances.
The insider said: 'We have not had any contact with Adidas which would suggest they will have a problem meeting their contractual obligation with us.
'As such, we don't expect that any payments will be missed or deferred.'
A host of other Premier League clubs have their kits made by Adidas and will be concerned about the potential knock-on effect of their cash flow problems.
Arsenal signed a five-year deal with the brand last summer, which is worth £60m a season, while Sheffield United, Watford and Wolves also have lucrative deals.
Joel14
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The greatest of english football. united has never been worried about finances. Addidas should look pon that be4 its too late.
Joel14
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good started
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nice team though i donot agree with you on dalot and demiral.
Joel14
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You expect them to state that they are worried or concerned? Of course they are, and like every other club and sponsors they will be affected. This is going to be epic where revenues are concerned, the spenders are lockdown, the world ecomonies are on pause, every sponsorship contract will be reviewed, delayed and deferred ......
united is always united. the greatest of english football.
Vutclpuz
1
You expect them to state that they are worried or concerned? Of course they are, and like every other club and sponsors they will be affected. This is going to be epic where revenues are concerned, the spenders are lockdown, the world ecomonies are on pause, every sponsorship contract will be reviewed, delayed and deferred ......
Jawekmnrs
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oh my God
mzeereal
1
Adidas kits are pretty good
DaMhztourage
2
No worries on that area , Ed Woodward knows his onions very well when it comes to raising and striking a lucrative deals for the club
a_l_muhammad
3
good started