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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

Erica Pandey, author of @Work
3 hours ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.