Arsenal announce record deal with Emirates

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London, February 20: The Arsenal have signed a five-year extension with Emirates airlines for shirt sponsorship and the deal will now last until 2024.

The club also added it is their "largest shirt sponsorship deal ever" and according to English media the deal is understood to be worth more than 200 million pounds ($280.4 million).

The partnership between the pair for the shirt sponsorship started in 2006 and will now run on to at least 18 years.

"Our shirt partnership is the longest running in the Premier League and one of the longest relationships in world sport," Arsenal CEO Ivan Gazidis said in a statement.

"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."

As part of the extended deal, the club also added they will fly via the Emirates' award-winning planes on pre-season tours.

Plus, as part of an extension agreed earlier in 2012, the home of Arsenal will continue to be known as Emirates Stadium till 2028.

"Arsenal's strong appeal and influence around the globe, combined with their ambitions as a club, make them an ideal partner for Emirates, with values that reflect ours as a brand," said the Emirates president Sir Tim Clark.

"As a long-standing supporter of football, we are passionate about the game and are a proud partner to the team.

Sir Clark further added, "As a business, we are hugely committed to supporting sports all over the world and our relationship with Arsenal is no different.

"Our partnership with Arsenal Football Club is a great combination of two truly global brands and we're very pleased to have extended this relationship for five more years - connecting fans from around the world with one of the greatest teams in the world."

Emirates first signed its sponsorship agreement with the club in 2004, providing the airline with naming rights to the stadium until 2021 and a shirt sponsorship that began in the 2006/2007 season.