Arsenal has officially announced the signing of a new contract with sponsor Emirates for another 5 years. “Gunners” will collect a huge amount of up to 200 million pounds.
In 2012, Arsenal signed a new shirt sponsorship deal with a partner from the UAE until the 2018/19 season. On average, each season, Arsenal will pocket about 30 million pounds from this new contract. However, with the new contract until the 2023/2024 season, the amount they receive is even greater.
Arsenal will receive £ 200 million in total new contract with sponsor Emirates with a term of 5 years, until the season 2023/2024. ” This is the biggest deal the club has ever signed, and partner Emirates, who has been on the club’s jersey since 2006, will have at least 18 years with the club.” – Club homepage written.
The negotiations between Arsenal and Emirates have come to the final agreement. On this occasion, Arsenal CEO Ivan Gazidis and Emirates sponsor chairman Tim Clark all praised this new contract as a stepping stone for the “Gunners” to reach the future.
“Understanding between the parties is an important element of this contract,” Gazidis said. “Emirates is a long-time, perfect partner with Arsenal. Both parties are delighted with this event. Emirates is the world’s leading airline brand with more than 120 destinations around the world. A classy brand. world and I hope the partnership between Arsenal and Emirates will last for many more years,” continued Gazidis.
At this time, in the English Premier League, Arsenal and Chelsea have the second-highest shirt sponsorship contract with the same amount of 40 million euros. Man City and Tottenham Hotspur are behind with £35m, Liverpool with £30m. The highest is Manchester United with 47 million pounds.
Previously, under the terms of the agreement between the two parties in the 2012 contract, the headquarters of “Gunners” will continue to be named “Emirates Stadium” until 2028. Arsenal’s sale of the club’s name is completely independent of the main name sponsorship contract on this shirt.
Emirates is one of the two national airlines of the United Arab Emirates (UAE) along with Etihad Airways, and is headquartered in Dubai. Emirates first sponsored Arsenal shirts in 2004, then signed a contract to buy Arsenal’s stadium name for 15 years (until 2021) in the 2006/2007 season, helping Arsenal to finance the construction of a new stadium.