Jeep to pay Juventus $55M per season in jersey sponsorship

By: The Associated Press Posted: 6:32 PM CST Tuesday, Dec. 29, 2020 Last Modified: 6:33 PM CST Tuesday, Dec. 29, 2020

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TURIN, Italy - Juventus renewed its jersey sponsorship with Jeep in a deal that will bring the Italian champions $55 million per season through 2023-24, the club said Tuesday.

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TURIN, Italy - Juventus renewed its jersey sponsorship with Jeep in a deal that will bring the Italian champions $55 million per season through 2023-24, the club said Tuesday.

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This article was published 29/12/2020 (2104 days ago), so information in it may no longer be current.

TURIN, Italy – Juventus renewed its jersey sponsorship with Jeep in a deal that will bring the Italian champions $55 million per season through 2023-24, the club said Tuesday.

Juventus already makes more than $100 million per season from Jeep and brand sponsor Adidas. The German sportswear company is paying the club a base rate of 51 million euros ($62 million) per season through 2026-27.

The Jeep extension provides a base fee of 45 million euros ($55 million) “and variable components based on sporting results” beginning in the 2021-22 season, the club said.

Juventus' Cristiano Ronaldo gestures during the Serie A soccer match between Juventus and Fiorentina, at the Allianz Stadium in Turin, Italy, Tuesday, Dec. 22, 2020. (Fabio Ferrari/LaPresse via AP)

Jeep and Juventus are controlled by Exor, the Agnelli family holding company.

“This agreement stems from the mutual satisfaction of a successful partnership that has been accompanying Juventus and Jeep since 2012/2013 sporting season,” the club said in a statement.

In October 2019, the club announced that Jeep had increased its annual sponsorship to 42 million euros ($51 million) — potentially 46 million euros ($56 million) with bonuses — for 2019-20 and this season.