Espanyol Football club signed a kit contract deal with Spanish sportswear brand Kelme at the start of the 2018-2019 season. The Espanyol Kit Contract Deal with Kelme is worth €2.5 million +bonuses per year.
The deal was announced after the Espanol previous kit deal contract was over. Bonuses will only be awarded if the criteria return in the contract is achieved by the club.
Now take a look at the financial numbers behind the Espanyol Kit Contract Deal with Kelme:
|Duration||6 years (2018-2024)|
|Yearly payments||€2.5 million|
|Total payment over 6 years||€15 million|
|Any performance-related clauses?||€1.5 million a year will be added to the yearly deal if Espanyol secures the top 4 to finish the Spanish La Liga.|
Both parties signed the contract deal ahead of the 2018 season. The deal between the two is worth €15 million in total payment over 6 years.
Kelme and Espanyol’s contract has a clause of an additional €1.5 million a year bonus. However, The bonus will be added to the yearly deal if Espanyol secures the top 4 to finish the Spanish La Liga.
The deal between Getafe and Kelme will end after the 2023-24 season if no renewal is signed.
Espanyol Shirt sponsorship contract deal
Espanyol signed a new and improved shirt sponsorship deal with Mexcian-based tourism company Riviera Maya.
The contract between Espanyol and Riviera Maya was signed in 2020. This shirt sponsorship deal is worth €3 million per year.
Have a look at the financial numbers behind the deal:
|Duration||5 years (2020-21 season to 2024-25)|
|Yearly payments||€3 million a year|
|Total payment over 5 years||€15 million|
|Any performance-related clauses?||€1 million a year will be wiped off the yearly deal if Espanyol fails to qualify for any European Cup.|
This deal gives access to front-of-shirt branding rights for the club’s matchday and training shirts to Riviera Maya.
The deal is worth €15 million in total payment over 5 years.
Initially, it was a multi-year deal but after the end of the 2020-21 season, both renew the contract and push the deadline to 2025.