Premier League

Thursday 24 July 2014

Sponsorship deal boost for Wenger’s war chest

James Olley

Published 24/11/2012|05:00

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Arsene Wenger will have a transfer fund of more than £70m to spend next summer after Arsenal agreed a five-year sponsorship deal with Emirates airline.

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The £150m contract means the Emirates name will continue to adorn the Gunners' first-team shirts as well as their training kit; the company will retain naming rights of the Emirates Stadium until 2028.

Arsenal requested that the deal's payment structure is front-loaded to ensure they have funds to invest in the team as soon as possible.

The club's cash reserves stand at £70m, with £30m retained as a contingency fund should they fail to qualify for the Champions League.

Emirates are expected to pay over £30m early next year – too late for the January transfer window but putting the club in a powerful position at the end of the season.

Irish Independent

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