Continuing their successful 28-year partnership, the British Olympic Association and adidas have extended their sponsorship deal until 2016.
The new partnership includes both a sponsorship and licensing deal.
Under the sponsorship deal, adidas will receive marketing rights to Team GB and provide the BOA with all of its sportswear requirements, including all competition and leisure wear for every athlete and team official participating in the Sochi 2014 Olympic Winter Games and the Rio 2016 Olympic Games across all sports, as well as non-competition wear for all other Olympic youth festivals and games.
The deal is made up of cash, ‘value in kind’ and marketing support for kit launches.
The licensing agreement means adidas will continue to create and market exclusive Team GB licensed products that will be retailed to the British public.
“I am delighted that with over a year to go we have already secured our first tier one sponsorship deal for the 2013-2016 quadrennial,” says Andy Hunt, BOA chief executive and Team GB Chef de Mission for London 2012.
“What makes it even more exciting is that it marks a significant kick-start to the British Olympic Association’s post-2012 commercial programme.
“adidas has been a highly valued supporter of the BOA for 28 years now. This makes them our longest serving partner, and through this partnership we will continue to mutually build and promote the Team GB brand as a valuable consumer and commercial entity.
“Our long partnership also means that adidas brings vast experience in terms of supplying high performance sportswear for an incredibly diverse range of summer and winter Olympic sports.
“Furthermore, adidas provides Team GB with industry leading innovation and technology, as well as operational and logistical support that is invaluable to an organisation with such complex supply requirements as the BOA.”
Gil Steyaert, managing director of adidas Market North, adds: “We are delighted to extend our deal with the BOA and illustrate our commitment to British sport beyond London 2012.
“This unique partnership is one of the longest in British sporting history and demonstrates our unique multisport heritage and our continued ongoing investment in sport throughout the UK.
“In addition, we are able to illustrate our leadership in product innovation across many specialist sports, as well as our rich legacy in the Games.
“No other brand has a more distinguished history or stronger connection with sport than adidas and we look forward to continuing our support for Team GB to 2016.”
