Manchester City and Puma have extended their partnership, which sets a kit manufacturer record for a Premier League club at £100 million per year ($135 million based on current exchange rates), according to a source familiar with the transaction who was granted anonymity because the details are private.

Manchester City have struck a £1bn deal with Puma for the biggest kit sponsorship contract in Premier League history. The 2023 Champions League winners will earn around £100m a year from the sportswear company in a long-term agreement that will last at least a decade.

Manchester City have signed a 10-year contract extension with kit manufacturer Puma that will take their partnership to 2035, the club announced on Tuesday.