A shock blow has come to the North Londoners after they received the information that Adidas are no longer interested in them, The Dail Mail has revealed.
Arsenal were hoping to receive a huge increase in their present seven-year deal with Nike worth £55million, that ends this season. This hope could have been a result of the rumours that Manchester United could sign a £1 billion deal with Nike for a very long term.
Arsenal had assumed that Adidas wanted the contract, as a rumoured three-striped shirt was leaked on the internet.
However, senior Adidas personnel revealed that they had considered it, but they will not be making a bid.
Nevertheless, Adidas believe they have a strong grip within European football with clubs like Chelsea, Real Madrid, AC Milan and Bayern Munich. Other Premier League clubs that Adidas could bid for include Swansea, Stoke, Sunderland, West Bromwich Albion and West Ham.