Arsenal have announced a deal worth £150million for the renewal of their shirt and the stadiums sponsorship with airline company Emirates.

The announcement was made today during a 11.30am press conference, meaning that Emirates will remain the club’s shirt sponsor until the end of the 2018/19 season. Along with the shirt sponsor they will keep the stadium naming rights agreement until 2028.

Emirates chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum said,

“Our sponsorship with Arsenal has been an important enabler of the growth of our business over the last decade and we are confident this will continue as part of our extended deal.

“This partnership remains a perfect combination of two truly global brands. Through our global network and carefully selected sports sponsorships Emirates is able to unite and engage fans, and coupled with Arsenal’s world-wide fan following this makes for a strong match.”