Barcelona sign €57 million deal with Beko for training shirt sponsorship

Barcelona extend deal with Beko for training shirt sponsorship (3:18)

FC Barcelona president Josep Maria Bartomeu and defender Gerard Pique talk about Beko's innovative campaign and what it means to the club. (3:18)

BARCELONA -- Barcelona have signed a new three-year sponsorship agreement with Turkish electronics company Beko, with sources confirming to ESPN FC that the deal is worth around €57 million.

President Josep Maria Bartomeu presented the agreement -- which will see Beko's logo move to the front of the training shirt -- at an event at Camp Nou on Wednesday attended by first-team defender Gerard Pique.

The previous deal between Barca and the domestic appliance suppliers was signed in 2014, runs through until this summer and is worth around €10m annually.

That agreement was for Beko's logo to be used on the club's shirt sleeve and on the back of the training kit.

The new agreement, at €19m per year, will be worth more than 14 of the Premier League clubs' main sponsorship deals.

"This association with a leader in their field is fundamental for the club to continue leading the way among world football's elite," Bartomeu said of the agreement.

Bartomeu has reiterated several times that his target is to increase Barca's revenue to over €1 billion per year.

Barca predict that they will be close to €900m in revenue this season, although the figure is expected to be slightly up because of the sale of Neymar to Paris Saint-Germain for €222m during the summer.

Barcelona's main sponsorship deal is still with Rakuten. The Japanese retailer pays around €60m annually to be the club's primary partner, which includes their name appearing on the front of the club's kit.

The La Liga leaders also have a sponsorship agreement with Nike, who manufacture the club's kit, worth north of €100m.

Bartomeu's next aim is to find a sponsor for the revamped Camp Nou, which will be finished in 2022, with the eventual sponsor to be granted naming rights for the club's 100,000-seat home.