Under the current terms of the Nike deal, Liverpool are set to pocket a guaranteed £30m ($38m) per year, alongside a 20% royalty on the net sales of club merchandise. Nike's strategy to boost Liverpool’s global brand recognition also included leveraging their high-profile roster of ambassadors, including NBA star LeBron James, as well as tennis legend Serena Williams and rap sensation Drake. It is believed that the influencer-backed promotions helped elevate the overall value of the deal, with annual earnings from Nike rising to approximately £60m ($77m).