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The Obamas have just landed a mega payday for their book deal

Published 12:32 1 Mar 2017 GMT

Updated 16:12 1 Mar 2017 GMT

Laura Holland
The Obamas have just landed a mega payday for their book deal

Homenews

Barack and Michelle Obama have signed up with Penguin Random House to publish books.

There was reportedly a lot of competition from other publishers but, according to Sky News, Penguin will pay $65million for the rights. There has been no information given on what the books will be called, or what information will be disclosed, but it's thought they will be about their time in the White House. Their book deals are the highest grossing of Barack's predecessors with Bill Clinton earning $15million for the rights to his book and George W Bush receiving $10million for his. Barack and Michelle have both previously released books. Michelle released a book on gardening and food, American Grown. While Barack has penned two books, Dreams From My Father and The Audacity Of Hope. Catch up with this week's episode of 888sport Football Friday Live

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The Obamas have just landed a mega payday for their book deal