Thursday, October 18, 2007

Umbro Receives Take Over Bid

SGB UPDATE is reporting that Umbro has received a take-over bid from an unspecified source. Rumors and now Reuters is reporting that sources say the bid came from Nike, Inc. Should Nike acquire Umbro, it will likely also pick up the sponsorship for England's national football (soccer) team kits (uniforms).

The move by Nike would be one more salvo in a fight with adidas that seemed to have petered out several months ago after Nike was unsuccesful in its attempt to sign the German national squad to a sponsorship deal for their kits.

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