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Barcelona have reportedly agreed to a contract extension with Nike that will see the Beaverton, Oregon based company serve as the team’s technical sponsor through the 2026 season.  The official announcement will come at the club’s next general assembly.

The deal as reported by Barcelona-based daily newspapers Diario Sport and Mundo Deportivo makes the deal the most valuable in soccer at $176 million per year.

“FC Barcelona and Nike, Inc have extended their current sponsorship deal, which was due to end on 30 June, 2018,” Barcelona said on Saturday. “The long-term agreement is a landmark in global football and builds upon a highly successful partnership.”

Barcelona unveiled their 2016/17 home jersey last month.  The design of the jersey is a tribute to the one worn by the club when they won their first UEFA Champions League title 25 years ago.

The Barcelona 2016/17 home jersey is available at World Soccer Shop.

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