Liverpool have struck a kit deal with Nike from the 2020-21 season to replace New Balance, the Premier League leaders announced on Tuesday. Liverpool are free to sign a kit deal with Nike after New Balance’s appeal to remain as the club’s suppliers was rejected in the High Court Sources told ESPN that Liverpool held discussions with Adidas and Puma in an effort to secure the highest possible figure for a new kit deal, before ultimately reaching an agreement with Nike. The Merseyside club had already agreed on designs for new replica and training kits when they were thrown into a legal battle. Liverpool have signed a multi-year deal with Nike as their new kit supplier from the 2020-21 season to replace New Balance, the Premier League club said on Tuesday. Liverpool could set a Premier League record if it signs a new kit sponsorship deal with Nike, believes an industry expert. Liverpool will announce a new long-term kit deal with Nike ahead of the 2020/21 campaign. Liverpool Just Did It. Liverpool has announced Nike will become its new kit manufacturer from the 2020-21 season in a deal worth a reported $39.5 million per year. Liverpool And New Balance Resume High Court Kit Deal Battle As Nike Awaits Result Chris Williams Former Contributor Opinions expressed by Forbes Contributors are their own. Liverpool were taken to court by New Balance last year after it was alleged the club was looking to switch to Nike once their existing contract ended in May 2020. Liverpool are on the verge of landing the biggest kit deal in their history, with industry leaders Nike. The wait is over. A successful High Court battle for the Reds means Nike will be the club’s new kit supplier from next season, with a five-year deal agreed in principle and £6million ($7.7million) already spent on designing the new kit. Nike will design the men's, women's and youth team shirts and the Liverpool foundation. Liverpool are closing in on the most lucrative kit deal in their history with Nike - but what are the most affluent jersey sponsorships in the world? Liverpool Football Club is delighted to announce Nike, the world's leading footwear and apparel company, as its official kit supplier from the 2020-21 season. Liverpool’s partnership with Nike is officially official, with the home kit for the 2020/21 season released today ahead of an extra batch of goodies on 4th August. Liverpool have announced that Nike will become the club's official kit supplier on a multi-year deal from the start of next season. But what do we know about the terms so far? Online Store at Nike.com. By … LIVERPOOL are locked in a legal dispute with kit suppliers New Balance after agreeing a record £80million-a-year deal to switch to Nike. Today is the day. Liverpool’s Nike kit deal may eclipse Man Utd’s contract as talks near conclusion That title currently belongs to Manchester United, who earn £75m-per-season through their deal with Adidas. English top-flight soccer club Liverpool have officially confirmed the long-awaited news that Nike will be their official kit supplier from the 2020/21 season. The latest Liverpool news and headlines, including Xherdan Shaqiri's value as a substitute, the referee for Sunday's contest with Manchester United and more on the exciting Nike kit deal. Barcelona's deal with Nike is the most lucrative kit sponsorship deal in European football Nike chief Bert Hoyt said: 'Liverpool Football Club has such a proud heritage and strong identity. A judge rules that New Balance could not match an offer by Nike over the marketing of the European champions' kit. It’s unlikely to be an ordinary we-supply-stuff-you-wear-it deal. Liverpool FC wins court battle with New Balance - paving way for £150m Nike deal. Sources told ESPN that Liverpool held discussions with Adidas and Puma in an effort to secure the highest possible figure for a new kit deal, before ultimately reaching an agreement with Nike. Liverpool have reportedly agreed a £30 million per year kit deal with Nike, but the proposed deal is worth £15 million less than their current New Balance contract. The Red Devils signed with the German firm back in 2014, penning a deal which will expire in 2026. Liverpool’s partnership with Nike has the chance to be a game-changer. Liverpool have agreed a lucrative £80m-a-season kit sponsor deal with Nike It moves them ahead of their Premier League rivals in the commercial stakes Man United's £75m-a-year deal … The multi-year partnership, which begins on June 1, 2020, will see Nike manufacture and supply Liverpool FC’s playing, training and travel wear. Liverpool agree new Nike kit deal… but it’s £15m less than current New Balance contract – and Drake could help promote the club. Sources have told ESPN that the deal, which comes into effect on June 1 this year, puts Liverpool in the same bracket as other leading clubs around the world. Liverpool FC Reportedly On the Verge of Signing a Record Kit Deal With Nike: After five years with New Balance. Liverpool signs Nike deal to be official kit supplier starting in 2020-21; what will the uniforms look like? Find LFC football shirts, clothing, gear and more. Nike … Liverpool's Nike kit deal terms as Reds win New Balance court case. The English giant is moving on from New Balance at the start of next season Visit the Liverpool F.C. Liverpool are set for a big injection of cash (Picture: Getty Images) Liverpool are set for a huge boost in revenue thanks to their new kit deal with Nike which begins on 1 June.