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Arsenal have agreed a new £200m shirt sponsorship deal with Emirates.
The airline has agreed to extend their current deal until 2024.
The package is understood to be second in the Premier League only to Manchester United, whose deal worth Chevrolet is worth £47m a year.
The new deal kicks in for the 2019/20 season and £20m extra will be made available for purchase of players.
“Emirates are again demonstrating their great belief in our approach and ambition and their significantly increased investment will help us continue to compete for trophies and bring more success to the club and our fans around the world,” Arsenal’s chief executive, Ivan Gazidis, said.
It is the longest running tie-up in the Premier League and represents a huge boost an increase of 25% on the last deal for Arsenal, with more likely to come as they are in negotiations for a new sleeve sponsor.
Arsenal are also discussing a kit deal and it is believed adidas will get the new contract.
However, current suppliers Puma have an option in their contract to match any bid, although Nike did not take it up last time.
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