Manchester City have signed a new 10-year kit deal with Puma worth £650 million.
According to the deal, Puma will earn up to £65m a season over the next decade.
The deal sits only behind Manchester United’s with Adidas when it comes to the most lucrative in the English top-flight.
City, who currently work in partnership with Nike, will see a new sponsorship contract kick in from the summer of 2019.
“It’s an historic day for us,” City chief executive Ferran Soriano said. “What we are doing has never been done before. It is an unprecedented partnership. We needed a partner that can go fast with us.
“This is who we are now, this is the product we can offer. Having just one partner saves times in discussions and it allows us to do things globally.
“There are so many synergies and things that we can do together if we have the same partner. If we have one idea then we only have to talk to one person.
“This announcement marks the start of an exciting new chapter for City Football Group. Our relationship with Puma, covering five City Football Group clubs across four continents, will reset the model for sports partnerships on a truly global scale whilst being locally relevant and authentic for fans around the world. Puma share our vision for challenging expectations, and we are looking forward to what we believe will be a ground-breaking partnership.”