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Barcelona have said they expect to earn 150 million euros after extending their agreement with Nike for a further five years until 2013.

Barcelona’s shirts have been wearing Nike shirts since 1998 and the club said that the new agreement included an option to extend the deal for a further five years until 2018.

“The agreement is an international recognition for success of the club on the pitch and for its social commitment,” club president Joan Laporta said in a statement.

Nike president Mark Marker commented: “Barcelona are one of the best and most attractive football teams to watch. We are delighted to extend this contract.”

Barca signed a deal with the United Nations in September which means they will wear the name and logo of the organisation’s children’s agency UNICEF on their shirts.

It is the first time in their history that the club has worn advertising on their shirts.

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