Manchester United kit: Nike contradict reports that they have walked away from new kit deal as they claim they 'remain in discussions' with United

Reports suggest Nike have refused to extend their deal with the Manchester club but the sports brand insist they are still in talks

Manchester United have unveiled their new kit for the 2014/15 season (Twitter (@ManUtd))

Sportswear company Nike says it is still in discussions with Manchester United over renewing their kit deal despite reports it has walked away from negotiations.

Sources close to the talks say Nike is unwilling to match the amount of money United are asking, and reports have suggested rivals Adidas is in pole position to clinch a deal which could see the club earn £60million a year 2015.

It would replace the 13-year deal United signed with Nike in 2002 that was worth a minimum £303million with extra income from a profit share agreement from merchandise sold worldwide.

Manchester United launch 2014/15 kit

A Nike spokeswoman said talks were ongoing however, saying in an email: "Manchester United are a great club and we remain in discussions with them."

Manchester United would not comment on the latest report.

PA