Football: Real Madrid agree five-year shirt deal worth 150m euros with Emirates
MADRID (REUTERS) - Real Madrid have agreed a new shirt sponsorship deal with Emirates airline for the next five seasons.
"It is a new era for two global brands that will help us in our quest for new triumphs," club president Florentino Perez told a news conference at the Bernabeu stadium on Thursday.
"It is one of the most important agreements in the history of the club," said the construction magnate, who is likely to be returned to the presidency unopposed next week as no rival candidates have yet challenged him in an election.
No official figures were released for the sponsorship deal which is reported by media to be worth up to 30 million euros (S$48.91 million) a year.