Kylian Mbappe dumps Nike after 20 years for On: Football star gets equity, not just endorsement cheque; check details

Kylian Mbappe has walked away from Nike after almost two decades and signed with Swiss sportswear brand On, taking a stake in the company as it tries to break into football boots. The Real Madrid and France forward, 27, confirmed the split in a CNBC interview on Monday, days after On announced the partnership and named Thierry Henry as its director of football.

The move is not a routine kit switch. On has said the structure includes both cash and…