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Global futbol/Soccer U.K. based brand Umbro has a very inspirational message for us today. They’ve announced that Nike has acquired their company in a $582 million all cash transaction. This is Nike’s effort to reach new grounds and expand in a market that it lacks in, which is soccer.

Considering Umbro has a strong presence in the soccer industry generating over $200 million in revenue last year alone this makes for a great move by Nike to close in on Adidas who prevails in the soccer market. Umbro is distributed through out 90 countries through licensees and has marketing relationships with many top futbol/soccer players.

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