The club won the high court battle with New Balance after the sportswear brand alleged Liverpool had refused to honour the terms of its reported £40m contract which expires in May 2020. Under the terms of the deal, New Balance is entitled to renew its sponsorship if it matches the terms of any competitor’s offer to sponsor Liverpool merchandise. But the current European champions, who have been offered a five-year contract of £30m per year by Nike, argued that New Balance could not match its rival’s offer. “It must follow that Liverpool FC is not obliged to enter into a new agreement with New Balance,” Teare said. “We will continue with New Balance for the current season, in combination with preparing next season’s Liverpool kits with our new supplier,” he said.

Source: The Guardian October 25, 2019 12:03 UTC