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Adidas (ADDYY) Drives Home Win with $700M Major League Soccer Agreement

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Adidas commits to $700 agreement today with major league Soccer seemingly and soundly stating that they believe in the MLS franchise and the future growth of professional soccer in America. I am loving this as i have been a long time fan of the game and want to see the league expand and with backers like Adidas it would seem MLS will possibly accelerate its growth. Sorry, Nike (NKE) we still love you but it looks like it is Adidas’ time with U.S. Soccer and we have to give this win to them.

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Adidas scores Major League Soccer deal worth $700M

The company is extending its apparel sponsorship deal with MLS through 2024 in a deal worth 700 million dollars. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Dan Roberts discuss if this move is enough to push Adidas in front of Nike…

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