Nike agrees £285m deal for Umbro

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

As well as kit for the England football team, Umbro makes shirts for six Premier League clubs including Everton, West Ham and Wigan, while its brand is endorsed by players including John Terry, Michael Owen and Luis Garcia.

The American firm said the proposed takeover of Cheadle-based Umbro would "significantly expand" its presence in a key growth market.

The approach from Nike has the backing of the Football Association, which has worked with Umbro for more than 20 years.

FA chief executive Brian Barwick said: "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."

Speculation over a potential takeover caused Umbro shares to rocket last week, offsetting disappointment over the England football team's likely failure to qualify for next summer's European Championships.

Nike's offer values each Umbro share at 195p, which compares with 120p seen on the day of England's game with Russia.