Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Arsenal agree £150m Emirates sponsorship deal  Join our daily free Newsletter

MENAFN - AFP - 23/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - AFP) Arsenal have agreed a 150 million (239 million, 185 million euros) extension of their shirt sponsorship agreement with Emirates Airlines, the club announced on Friday.

The lucrative new contract, which runs until the end of the 2018-19 season, will be worth 30 million a year to the north London club.

"This agreement is a testimony to Arsenal's approach and to the capabilities we have developed in recent years, as well as the strength of our partnership with Emirates," said chief executive Ivan Gazidis.

"The original deal with Emirates was a key facilitator of our move from Highbury (Arsenal's former stadium) and this next phase of our relationship will be just as critical to keep us at the top of the game in England and Europe."

Under the terms of the deal, the Emirati company will continue to hold naming rights for Arsenal's north London stadium until 2028.

Sheikh Ahmed bin Saeed Al Maktoum, the chairman and chief executive of Emirates Airline and Group, said: "Arsenal's strong appeal around the globe and ambitious approach to the game parallel our own approach to business, making them a valuable partner for our brand."

Gazidis vowed that manager Arsene Wenger will be allowed to use some of the money from the new deal to improve his squad, as Arsenal seek to end a trophy drought that stretches back to 2005.

"The deal is all about football," he said.

"It is all about giving us the resources in what we believe is a responsible and well managed way, to be able to invest in what we put onto the pitch for our fans.

"We have been able to talk to Emirates about the payment terms and bring some of them forwards, so that we will have additional money in this financial year which will be able to invest in the summer.

"Those decisions on investment are made by our manager, and he has done an outstanding job of managing the resources of the club over time, and we expect that to continue, but he will have more resources available."

Gazidis added that Arsenal's projected revenue growth would put them "in the top five clubs in the world".

 






  MENA News Headlines
Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

Apr 23 2014Kowait- MoH boosts efforts to curb obesity rate ,Arab Times
(MENAFN - Arab Times)  kuwait city feb 3 (kuna): director of the health well-being division of the ministry of health dr abeer al- baho affirmed sunday that the ministry scaled up the efforts ...

Apr 23 2014UAE- Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014UAE- ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Galadari Automobiles unveils all-new 2015 Mazda3 in UAE ,Khaleej Times
(MENAFN - Khaleej Times) The all-new mazda3 was unveiled to the world at events held simultaneously in five cities where the consensus was loud and clear: ?mazda has done it again!? galadari ...

Apr 23 2014UAE- Cassation Court upholds' drug dealer's life term ,Khaleej Times
(MENAFN - Khaleej Times) The abu dhabi court of cassation on monday upheld the life sentence awarded to a gcc national for drug smuggling and trafficking. the court also upheld his one-year ...

Apr 23 2014Breaking an egg ... for charity in Abu Dhabi ,Khaleej Times
(MENAFN - Khaleej Times) The campaign which runs till the end of april features a live exhibition to the public and a private auction of the life-sized eggs. shaikh nahyan bin mubarak al nahyan ...

Apr 23 2014Kuwait- Five individuals tested negative for Coronavirus ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Health Authority of Abu Dhabi (HAAD) announced here on Tuesday that five more of the individuals who were in isolation in hospital with MERS Coronavirus ...

Apr 23 2014Kowait- Parliament refuses to lift MP immunity ,Arab Times
(MENAFN - Arab Times) Kuwait april 3 (kuna): the national assembly committee on legislative and legal affairs has turned down a request from the public prosecution on wednesday to lift the immunity ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Rationalization of water use in focus ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): under the patronage of minister of electricity and water abdulaziz al-ibrahim kuwait environment protection society (keps) organized monday a ...

Apr 23 2014Kowait- MoI FM discuss visa issuance by embassies ,Arab Times
(MENAFN - Arab Times) Kuwait april 10 (agencies): officials of the ministries of interior and foreign affairs on thursday discussed implementation of a decision by the minister of interior to ...

Apr 23 2014Jordan complains to UNSC about Israeli "alarming" developments in Al-Aqsa compound ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Jordan on Tuesday complained to the Security Council about the unhindered incursions into the Haram Al-Sharif compound by Israeli settlers and extremists, under ...

Apr 23 2014Over 86 pct of Syrian chemical weapons removed from country ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Director General of the Organization for the Prohibition of Chemical Weapons (OPCW), Ahmet Uzumcu, Tuesday welcomed delivery of a further consignment of ...

Apr 23 2014Arab League: Syrian Presidential elections contradict with Geneva I communique ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab League Secretary General Nabil Al-Araby said Tuesday Damascus' decision to hold presidential elections on June 3 was a "contradiction of the Geneva I ...

Apr 23 2014China Calls for Inclusive Political Transition in Syria ,Qatar News Agency
(MENAFN - Qatar News Agency) ijing April 23 - China called on all parties in Syria to continue advancing the Geneva peace talks and start an inclusive political transition as soon as ...

Apr 23 2014Bahrain to establish USD multi bln energy projects - Min. ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Bahrain is to establish multi-billion-dollar energy projects that would contribute to further development, Minister of Finance Sheikh Ahmad bin Mohammad ...

Apr 23 2014UAE- Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014Counter-Terrorism conf. kicks off in Saudi Madina city ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The second World Congress for Counter-Terrorism entitled "Intellectual Reviews, and Practical Solutions" kicked off Tuesday in the city of Medina. Saudi Press ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help