Inter Milan announces new kit sponsor and high annual sponsorship fee.

Inter Milan, one of the most successful football clubs in Italy, has announced a new partnership with Nike as its official kit sponsor for the upcoming season.

As part of this deal, Nike will provide Inter Milan with all their home and away kits for the next three seasons. The agreement also includes a significant annual sponsorship fee that is yet to be disclosed by both parties.

The move is seen as a major coup for Nike, which has been seeking to expand its presence in Europe's top-flight leagues. The company has already signed up several other Serie A teams, including Juventus and AC Milan, to its portfolio of sponsors.

For Inter Milan, the partnership with Nike is another step towards becoming one of the biggest clubs in world football. The club has struggled in recent years, but the arrival of new owners and the appointment of a new coach have given fans hope for the future.

In a statement announcing the deal, Inter Milan CEO Piero Ausilio said: "We are delighted to announce our new partnership with Nike. This is a historic moment for Inter Milan and we are grateful to Nike for their confidence in us."

Nike's president of football operations, Andrew Wilson, added: "We are thrilled to partner with Inter Milan on such a prestigious project. This is a great opportunity for both parties to collaborate and bring the best out of each other."

Overall, the new partnership between Inter Milan and Nike is expected to boost the club's finances and give them a competitive edge in the Italian league. It remains to be seen how the team performs under the new management and coaching staff, but one thing is certain - it promises to be an exciting year for Inter Milan fans.