Beckham starts Miami soccer team

Arsenal has just secured its biggest sponsorship deal ever.

The top London soccer club along with Emirates Airline on Monday announced a 5-year extension to their shirt partnership lasting until the end of the 2023-2024 season.

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A spokesperson for Emirates said the deal is usually worth “in excess of £0 million ($280 million).”

Arsenal players have been wearing shirts with Emirates branding since 2006. As part of the deal, the airline will also provide planes for the team on pre-season tours along with “retain marketing rights to develop campaigns along with initiatives around the globe,” Emirates said in a statement.

Emirates have a separate deal with Arsenal which gives the Dubai airline the naming rights to the north London club’s stadium. which deal was renewed in 2012 along with runs until 2028.

“This specific mutual commitment is usually testimony to the strength along with depth of our unique relationship,” Arsenal’s CEO Ivan Gazidis said within the statement.

Related: Manchester City ranked as the globe’s most financially powerful club

Emirates is usually also a shirt sponsor for Real Madrid along with Paris Saint Germain. Its regional rivals have also sponsored football clubs. Abu Dhabi carrier Etihad has sponsored Manchester City since 2009, along with Qatar Airways had a 5-year deal with Barcelona until last year.

The Gulf states have also invested more directly in leading European soccer clubs.

A member of Abu Dhabi’s ruling family, Sheikh Mansour, reportedly paid $350-$400 million to buy Manchester City in 2008.

Qatar bought Paris St Germain in 2011 for $170 million.

sy88pgw (Dubai) First published February 19, 2018: 9:27 AM ET