Premier League Warrior Liverpool MOSES Home Red Jersey 2013 14 Retro
Premier League Warrior Liverpool MOSES Home Red Jersey 2013 14 Retro. Details about Soccer Shoes Adidas X Predator X SG OMB G00789 Studs White Size UK 7 - 10 New
<
Details about Soccer Shoes Adidas X Predator X SG OMB G00789 Studs White Size UK 7 - 10 New
Leading sportswear company Nike has agreed a 285 million takeover bid to buy English football boot brand Umbro.
Nike has offered 195p per share for Englands official football shirt supplier, and with Umbro shares closing at 165p last night, the offer was recommended to the Umbro board. The offer places a premium of around 61% over the Cheshire based companys share price before takeover interest emerged.
Steve Makin, chief executive of Umbro, said: This is an excellent deal for all our stakeholders: it provides great value for shareholders and exciting prospects for our colleagues, partners and customers around the world. We will be a stronger and better business as part of Nike and this deal will allow us to accelerate our existing growth strategy by leveraging Nikes global resources and expertise.
Umbro has been facing a challenging time of late, with poor sales of England football shirts being blamed on poor England performances. Furthermore, following last weeks 2-1 defeat to Russia, analysts predicted that Umbro profits could fall by more than 40% next year should England fail to qualify for Euro 2008. Despite the recent woes of Steve McClarens team the white England football shirt remains the bestselling replica kit worldwide.
Brian Barwick, the chief executive of the FA, said: We are delighted that the proposed acquisition will allow us to continue our strong historical relationship with Umbro while benefiting from the marketing expertise and financial strength of Nike. Nike has provided firm assurances that the FA relationship with Umbro will be protected and enhanced, and we look forward to working closely with both companies moving forward.
Nike is expected to retain Umbros management team, however Nigel Doughty, the private equity boss and Nottingham Forest owner who has been chairman of Umbro since 1999, is expected to leave. He would receive more than 7 million for his 2.53 per cent stake.
Only last week, JJB Sports, increased its stake in Umbro to 10%, with Sports Direct, owned by Newcastle Uniteds Mike Ashley upping its shares to 15%. Both JJB and Sports Direct were initially expected to bid against Nike, who itself is a leading supplier for the retail outfits.
Nikes aggressive expansion in the football market falls in line with its brand vision to become the worlds leading football brand by 2010, with a Nike spokesperson adding that the Umbro deal would allow it to significantly expand its presence in a key growth category for the firm.
With its takeover of Umbro, Nike will gain a huge foothold in the Premier League, representing players such as Wayne Rooney, Fernando Torres, and Cristiano Ronaldo, as well as Umbros England internationals John Terry and Michael Owen. Indeed, Nike and Umbro are football shirt suppliers to ten of the twenty Premiership teams; Arsenal, Aston Villa, Fulham, Man Utd, (Nike) and Birmingham City, Blackburn Rovers, Everton, Sunderland, West Ham, Wigan (Umbro).
The brand new adidas adiPower Predator launched on adidas football boots-customisation service today, offering us the chance to create our own signature colourways of what some are calling adidas best boots yet!
cheap Best Deals 2013 Nike Mercurial Victory X FG 2014 World Cup Red Yellow
cheap Outstanding Adidas F50 Adizero MiCoach TRX FG Blue Green
Nike Mercurial Vapor X FG Mens Soccer Cleats-Hyper Punch Metallic Gold Black Volt
nike tiempo legacy ic black volt
Petty Gain Nike Mercurial Vapor IX ACC FG With Reflective White Black Green
Fifa Soccer Referee Uniform Olympique Lyonnais Away STEED MALBRANQUE 17 2013 2014
cheap Amazing Nike Magista Jnr Onda FG Volt Black Hyper Punch
Premier League Adidas Chelsea Emblem ETO O Home Blue Jersey 2013 14 Final
light nike bomba finale ii youth acc sale tf turf total green blue pink best futsal shoe ever
Mens Adidas Predator LZ TRX FG Soccer Cleats sz 10 5 Black Vivid Berry F32544
Worst English Football Shirts Nike BENZEMA 10 France National Team Apparel Away 2014
Nike Mercurial 2014 Vapor IX Turf Soccer Shoes 2014 - Black White Flash Green
Adidas Predator LZ TRX FG Multisize New with box SKU G65168 30 OFF
adidas Samba primeknit The Worlds First Knitted Football Boots
adidas nitrocharge 10 trx tpu fg boots yellowgreen blue orange red
Girls Nike Jnr Mercurial Speed Victory III AG Blue Red Football Equipment
nike mercurial vapor superfly iii tf silver green
Adidas F50 Adizero FG Lea M17680 Size 9
adidas predator xi trx tf white purple
Nike T90 Laser IV AG White Blue Black
adidas predator lz trx fg all pitch black f97
adidas nitrocharge 1 0 trx fg soccer cleats solar slime black zest
Arrival Fabregas Nike CTR360 Libretto III AG Fabregas CTR Black Red White Football Cleats
Fans Nike Mercurial Vapor Superfly 4 CR Personal