AC Milan complete €60m sponsorship deal with Emirates airline

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AC Milan have announced a five-year shirt sponsorship deal worth €60 million with Emirates airline.

The deal, due to begin in July, will see Emirates become Milan's shirt sponsor in place of the Austrian betting company bwin.

Speaking to reporters on Friday, Milan vice-president Adriano Galliani said the deal could be worth more with bonuses tied to results.

The deal is the latest investment in football by the airline, which is state-owned.

Emirates already sponsors several football teams including Arsenal, Paris Saint-Germain, Hamburg and Olympiakos.

Its sponsorship agreement with Arsenal in 2004 was the biggest in English football history - worth in excess of £100 million to the Premier League club.

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