MILANAC Milan have ended their sponsorship deal with Adidas after almost two decades, the Italian Serie A club confirmed Tuesday. The German sportswear giants had agreed a new 10-year deal worth over 200 million euros ($235 million, Sh24 billion) in 2013. "AC Milan has mutually agreed with Adidas to prematurely terminate their technical sponsorship deal at the end of the season 2017/2018," the club said in a statement. He paid 740 million euros to buy the club last April from former Italian Prime Minister Silvio Berlusconi. "I knew AC Milan have financial problems and I am worried about the silence of Mr Li," Berlusconi told Telelombardia.

Source: Daily Nation October 24, 2017 12:22 UTC