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Adidas and German FA extend contract with €50 million a year deal

Adidas have extended its sponsorship deal with the German Football Association(DFB), according to German paper Frankfurter Allgemeine Zeitung (FAZ).

The new contract will run for four years from 2019 and Adidas, a German sports brand, will pay €50 million (39 million pounds) a year, which is thought to be double of the current deal.

DFB & adidas invite for a joint press conference in Paris tomorrow where there'll probably be an announcement of the new deal. [SPORTBILD]

— Home Bayern (@HomeBayern_) June 19, 2016

Adidas pay around 25 million euros a year for its current contract and a press conference is expected to be held on Monday by Adidas and DFB to announce the details of their newly reached agreement.