Arsenal have announced a £200million five-year extension to their sponsorship agreement with Emirates, stretching to at least 2024.
The Gunners have had the airline’s branding on their shirts since 2006 and branding will continue into its 18th year.
Emirates also have the naming rights to Arsenal’s stadium, with the deal first announced in 2004, while the shift sponsorship kicked in in 2006.
Arsene Wenger’s side are currently well tipped to progress to the last 16 of the Europa League, but face missing out on Champions League football again next season unless they win the secondary European tournament.
They beat Ostersunds 3-0 in Sweden on Thursday, before the return leg this coming Thursday.
The club have also announced that the deal is a record and it is thought to be worth about £40m every season.
Manchester United have the Premier League’s biggest shirt sponsorship agreement with Chevrolet, which makes them over £53m a year, while Chelsea’s Yokohama Tyres deal is worth £40m a year.
Arsenal’s previous deal with Emirates was worth around £30m per season and it is thought this one will mark a dramatic increase, but it is not known if they have leapfrogged United.
Barcelona’s shirt sponsorship from Rakuten – dubbed the Amazon of the Far East – is worth around £47m a year, but like many agreements the final figure depends on final league position and other trophies won.
Arsenal chief executive Ivan Gazidis said: “Our shirt partnership is the longest running in the Premier League and one of the longest relationships in world sport.
“This mutual commitment is testimony to the strength and depth of our unique relationship.”