MARCH 17, 2002

Fila signs $9m three-year deal with Schumacher

THE Italian company Fila has agreed a deal with Formula 1 World Champion Michael Schumacher which will see the Ferrari star paid $3m a year simply to wear Fila shoes.

Schumacher will also take part in Fila's future advertising campaigns.

Fila has also just launched a Ferrari Collection as part of a three-year deal with Scuderia Ferrari Marlboro.