Inter Milan has announced the signing of a new sponsorship deal worth €50 million with a leading global sports apparel company, Nike. The agreement is the highest ever for a single sport in Europe and marks Inter's commitment to continue developing its brand globally.

The new deal was signed by Inter president Massimiliano Allegri, who said: "This agreement represents a significant step forward for our football club. It shows how we can be part of the international game and how we can help create opportunities for young talent."

Under the terms of the deal, Nike will provide Inter with a range of products and services, including clothing, footwear, equipment, and digital content. The company will also support Inter's youth development program, which aims to develop young players into professional footballers.

In addition to providing financial support, the deal also includes access to Inter's world-class facilities and training facilities, as well as access to top-tier coaching staff and player development programs.

"We are delighted to have reached this milestone with Inter, one of the most successful clubs in European football," said Cristiano Ronaldo, the club's vice-president of football operations. "We look forward to working closely with Inter to achieve further success on and off the pitch."

The deal comes at a time when Inter is looking to expand its footprint across Europe and beyond. The club recently signed a new partnership with French firm Puma, which will see it become a major sponsor of the Paris Saint-Germain team.

In addition to the Nike deal, Inter is also investing heavily in its youth academy, which is set to become one of the largest in Europe. The academy will focus on developing young talent, while also providing them with the opportunity to play at the highest level.

Overall, the Nike deal is a significant achievement for Inter, and a testament to the club's commitment to developing its brand globally. The agreement sets a new standard for how sports teams can partner with global brands and reach a wider audience.