Sponsorship deal boost for Wenger’s war chest
Published 24/11/2012 | 05:00
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.
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.