Record-breaking: Arsenal signs Emirates shirt deal worth over £200m

Record-breaking: Arsenal signs Emirates shirt deal worth over £200m”

Arsenal have announced a new sponsorship deal with Emirates Airlines which will run until 2024 and is said to be worth over $56 million per season.

Emirates will be the official shirt sponsors of Arsenal up until the end of 2023-24 season to mark nearly two decades of partnership.

The added benefit of the renewed contract is, besides the visibility of the brand and the club, the money.

A spokesperson for Emirates said the deal is worth "in excess of £200 million ($280 million)".

Chief executive Ivan Gazidis hailed a "significantly" improved deal that he believes will help the club compete in the upper echelons of the Premier League.

"This mutual commitment is testimony to the strength and depth of our unique relationship".

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Arsenal players have been wearing shirts with Emirates branding since 2006.

"In addition to being shirt sponsors, with the Emirates brand continuing to appear on Arsenal's playing and training kits, Emirates will provide access to their award winning planes for Arsenal to use on pre-season tours".

It has also been confirmed Arsenal's Premier League match against Leicester on March 17 has been postponed after the Foxes progressed to the FA Cup quarter-finals.

The Arsenal-Emirates connection is indeed the longest of the Premier League era so far. Also, as part of the extension agreed in 2012, Arsenal's home will continue to be known as Emirates Stadium up to 2028.

Arsenal have, before this new deal, signed an extension to their original agreement from 2004, which netted them £150 million over five-years, with the new agreement set to eclipse that amount.

Compared to the other 19 teams in the Premier League, Arsenal's more than £40m a season from Emirates makes their shirt deal the second highest in the league.

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