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Nike last year signed a 15 year contract

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Nike last year signed a 15 year contract with Chelsea worth 900 million pounds ($1.1 billion), after a deal with Adidas ends this year. Adidas and Nike for years have been battling for the top spot in sales of soccer equipment, with the German company emerging as the clear leader in 2016. Adidas spent about 2.5 billion euros ($2.7 billion) on marketing last year, in line with its guided range of 12 percent to 13 percent of revenue.

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