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Photo: Matthew Ashton/AMA/Getty Images

The Premier League is home to some of the world's most valuable sports teams. So, naturally, it's also home to some of the world's most valuable sports real estate: the uniforms those teams wear.

How it works: Premier League teams make money from their uniforms, or "kits," in two ways: apparel deals and sponsorship deals.

  • Kit supplier: While the four major North American sports leagues handle uniforms at the league-level (Nike is the official supplier for all NBA and NFL teams, for example), Premier League teams negotiate their own individual deals with companies. Examples include Adidas (Manchester United, Arsenal), Nike (Chelsea, Tottenham), Puma (Manchester City) and New Balance (Liverpool).
  • Main sponsor: This is the advertisement that appears across the center of the chest. Sponsors include Chevrolet (Manchester United), Etihad Airways (Manchester City) and Standard Chartered (Liverpool).
  • Sleeve sponsor: In 2017, the Premier League followed the lead of other European Leagues like La Liga (Spain) and began allowing teams to sell the rights to their left shirt sleeve. Sponsors include Western Union (Liverpool), Hyundai (Chelsea) and Kohler (Manchester United).

By the numbers: This season, Manchester United will receive $91.9 million from Adidas (kit supplier), $80 million from Chevrolet (main sponsor) and $27.5 million from Kohler (sleeve sponsor). Total: $199.4 million.

  • Nike is paying $1 billion over eight years to be the official apparel provider for all 30 NBA teams, while Adidas is paying $919 million over 10 years to be the official supplier for Manchester United, alone.

The big picture: While this revenue-generating trifecta might not become the norm in the NBA, NFL, MLB and NHL (especially the team-specific apparel deals), jersey sponsorships certainly could.

  • In 2017, the NBA began allowing teams to sell a jersey sponsorship patch (Rakuten pays the Warriors $20 million per season, for example), and the results have been so promising that other leagues look poised to follow suit.
  • In May, I argued that NFL jersey patches feel inevitable, and last month, an MLB executive said the same thing about his own league: "[I]t's inevitable."

Go deeper: NFL jersey ads feel inevitable

Go deeper

Updated 2 hours ago - World

U.S. releases report finding Saudi prince approved Khashoggi operation

Photo: Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency via Getty Images

The Office of the Director of National Intelligence (ODNI) has released an unclassified report assessing that Saudi Crown Prince Mohammed bin Salman (MBS) approved the operation to "capture or kill" Washington Post journalist Jamal Khashoggi in 2018.

Driving the news: The White House also announced sanctions on entities implicated in the murder, though not on MBS directly. Officials also announced a new "Khashoggi ban" under which individuals accused of harassing journalists or dissidents outside their borders can be barred from entering the U.S.

About 20% of U.S. adults have received first vaccine dose, White House says

Joe Biden speaks during an event commemorating the 50 million COVID-19 vaccine shots. Photo: Doug Mills-Pool/Getty Images

Nearly 1 in 5 adults and nearly half of Americans 65 and older have received their first dose of the coronavirus vaccine, White House senior adviser Andy Slavitt said on Friday.

The big picture: The Biden administration has previously said it has secured enough doses to vaccinate most of the American population by the end of July.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Employers mull COVID vaccine requirements — New data reignites the debate over coronavirus vaccine strategyPfizer begins study on 3rd vaccine dose as booster shot against new strains.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.