Shareholder approval is still pending, however. Nike needs 90 percent of its shareholders to accept the takeover, but Marketwatch says that rivals JJB Sports
and Sport Direct International own 10 and 15 percent stakes in Umbro, respectively, which could cause problems.
Importantly for the English national team, Nike has told England's Football Association that Umbro brand will remain the team's uniform supplier. In other words, the Umbro brand is not being supplanted by Nike.