Sponsorship deal to boost Arsenal’s transfer fund for next summer

The £150m sponsorship deal unveiled by Arsenal on Friday will see the club’s transfer kitty increase accordingly, although manager Arsene Wenger will have to wait until next summer to get to use it, the Daily Mail has reported.

The Gunners revealed a five-year agreement with Emirates that sees the club’s bank balance further improve but with a portion of the money to be received soon, Wenger will be given more leeway in the transfer market. However, chief executive Ivan Gazidis added the money would not arrive in time to be put to use in January. Rather, the sum, said to be around £30m, will be waiting in July.

Emirates, a Dubai-based airline, were previously part of a 10-year, £100m deal with the North London club. The relationship has now been extended, with the company sponsoring Arsenal’s shirts until the summer of 2019, while Arsenal’s Ashburton Grove stadium will carry the company’s name as the Emirates Stadium until 2028.

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