Chief executive Ivan Gazidis believes Arsenal can compete in the transfer market and "pay the biggest wages" after the Barclays Premier League club announced a £150million extension of their sponsorship deal with Emirates.
The airline will continue their shirt partnership until the end of the 2018/19 season, while also holding naming rights on the Gunners' 60,000-seater stadium at Ashburton Grove until 2028. The £30million-a-year contract represents a significant increase in additional revenue for Arsenal, who have not won a trophy since 2005 and have seen several leading players sold.
Gazidis said: "What we can do is to develop a really strong financial platform for the club which give us the ability to compete for top players, both that we want to bring in and whom we want to keep."
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