The Swiss tennis player, who wore Nike logos on his jersey since 1994 in his early career, has revolutionized the market with his new contract. Tadashi Yanai's Japanese chain has signed a contract with 'His Majesty', where he will wear the Uniqlo colors for the next ten years. 300 million dollars, 10 per season, will be the amount that the Swiss will receive for a contract that, for now, involves jersey, pants and bag.
The new contract will allow Federer to wear other brands on his apparel, something he could not do with the U.S. brand Nike. He had been under contract for more than 20 years, will maintain ties with the Swiss for the time being. The shoes still make part of Nike, but Uniqlo is already negotiating with Fededer to expand the clothing range.
They showed interest in making a deal and the ties are not broken. But everything is open," the tennis player said regarding the shoes. The blow to Nike has been such that the brand's shares fell by 3%, where each went from trading at $79.13 to $77, just as the tennis player appeared on the courts of the All England with Uniqlo logos.
Cristiano Ronaldo has been with Nike since 2003 and at 33 years of age would currently receive a minimum income of at least twenty million euros per year (about $23'300,000 at the current exchange rate), according to the press. The Spanish sports daily Marca even advanced that the remuneration could reach up to 40 million euros (46'700,000 dollars approximately) if certain conditions, which were not specified, were met.