Gazprom renews its sponsorship contract with Schalke 04 until 2017

Russian gas and oil company Gazprom and German club Schalke 04 have extended their sponsorship agreement.

The new contract between the parties has been signed for five years, until June 2017, as reports the official website of the Bundesliga club. According to DPA news agency, Schalke will receive from Gazprom €15 million per year.

The previous contract has been effective since January 1, 2007, being extended for further 5 years on November 23, 2009.