According to Nike CEO Mark Parker, the deal “significantly expands Nike’s global leadership in football, a key growth category.” Umbro will increase global sales of soccer apparel for Nike by 10%, to about 3.4%, while giving it rights to clothe the British national team and produce replica jerseys of internationally recognized superstars like Wayne Rooney and Michael Owen. Nike has obtained the backing of the British Football Association in its takeover attempts. It requires 90% of the outstanding shares to complete the purchase, which raises a possible sticking point with Umbro institutional owners JJB Sports (10% stake) and Sports Direct International (15% stake).
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