Campeonato Brasileiro Serie A football team Santos has struck a new deal with UK sportswear manufacturer Umbro after the club’s president threatened to terminate the partnership due to the “ridiculous” terms agreed by its previous regime.
Umbro partnered with Santos in October, with the agreement scheduled to begin next month. At the time, the Maquina do Esporte website reported that the deal would be worth R$2.5m (€626,000/$773,000) per season across 2018 and 2019.
Santos’ previous agreement with Italian sportswear brand Kappa reportedly earned the club R$4m per year. The Kappa agreement encompassed a broader partnership in the production and distribution of kit.
Santos president José Carlos Peres in December said that the club would end its partnership with Umbro, claiming that his predecessor, Modesto Roma, did not have the authority to sign the deal so close to a presidential election.
However, the situation has now been resolved, with Santos confirming in a statement that the new deal, which will cover the same two-year period, will earn the club 50 per cent more in royalties. The revised contract will also see Santos receive more kit than had been promised by the previous agreement.