Soccer-German FA turns down Nike offer, sticks with Adidas
FRANKFURT Aug 24 (Reuters) - The German team will continue to wear three stripes on their kit rather than a Swoosh after the country's FA (DFB) said it would stick with Adidas as its kit provider and reject a 500 million euros offer from Nike.
German firm Adidas has sponsored the national team since it won the first of its three World Cups in 1954.
The DFB said on Friday it had agreed to remain with Adidas, and promised to make public more details of the deal on Monday.
Nike had offered 500 million euros ($678.4 million) to kit out the national team for eight years, an offer worth about six times more than the old Adidas deal.
"German football has lost a great chance," a Nike spokesman in Germany said.
He added Nike was not planning a legal challenge to the decision. (Writing by Kevin Fylan in Berlin)
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