PARIS French league champions Paris St Germain and Dubai airline Emirates extended their shirt sponsorship deal by another five years on Friday.
Despite maintaining a relationship between the two parties that dates back to 2006, neither PSG president Nasser al-Khelaifi nor Emirates executive vice-president Thierry Antinori were prepared to reveal the official value of the agreement.
However, Antinori did say the amount was "a three-digit figure, so between 100 and 999 million euros" over five years as Emirates will be the only sponsor to appear on the PSG shirt next season.
According to media reports, the agreement was worth around 25 million euros a year, still significantly below the more lucrative shirt sponsorship deals in the English Premier League. (Reporting by Julien Pretot; Editing by John O'Brien)
Trending On Reuters
FIFA Corruption Scandal
The world's most popular sport was plunged into turmoil on Wednesday as seven senior soccer officials were arrested on U.S. corruption charges and faced extradition from Switzerland, whose authorities also announced a criminal investigation into the awarding of the next two World Cups. Full Article | Factbox
India tipped to overtake China in Modi's first year despite sluggish feel Full Article