Arsenal Football Club has agreed a further sponsorship deal worth £150m with international airline Emirates.

This grants the airline a five-year extension to the shirt partnership until the end of the 2018/19 season and extends the naming rights to the Emirates stadium to 2028.

Emirates first signed its sponsorship agreement with Arsenal in 2004, providing naming rights to the new stadium until 2021 and shirt sponsorship began in the 2006 season.

"The original deal with Emirates was a key facilitator of our move from Highbury and this next phase of our relationship will be just as critical to keep us at the top of the game in England and Europe," said Arsenal chief executive, Ivan Gazidis.