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.

In a statement released on the club website, they call the five-year extension to the current deal “largest sponsorship deal ever signed by the club” as Emirates will continue to appear on the shirts and training gear of all of the teams.

Arsenal chief executive Ivan Gazidis revealed the reason behind extending the relationship with Emirates.

“Our shirt partnership is the longest running in the Premier League and one of the longest relationships in world sport. This mutual commitment is testimony to the strength and depth of our unique relationship. 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.”

The Gunners also confirmed that their home stadium will be known as the Emirates Stadium until at least 2028, as per the agreement reached in 2012.

Where do Arsenal rank in terms of shirt sponsorship deals?

Manchester United lead the way with their deal with Chevrolet said to be worth over $74.2 million per year, while Chelsea sit in second with a $56 million per year partnership with Yokohama but the Gunners are now alongside their London rivals.

Manchester City and Tottenham are just behind them when it comes to sponsorship deals, while Liverpool’s relationship with Standard Chartered runs until the end of next season.

NBC Sport