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AC Milan Reportedly Find Agreement With Fly Emirates To Renew Shirt Sponsorship Deal

AC Milan close negotiations to renew their shirt sponsor for the third time.

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Soccer - Emirates Cup - AC Milan v Olympique Lyonnais Photo by AMA/Corbis via Getty Images

Pietro Balzano Prota is reporting that AC Milan and Emirates have found an agreement to continue their partnership as the main shirt sponsor of the Rossoneri. The deal seems to be done and confirmation will arrive shortly once finalised.

Milan's former deal with Emirates elapsed at the end of the season after a 5 year extension was agreed in 2014. The airline has been a sponsor since 2007 and a shirt sponsor since 2010 according to their site. The new deal will reportedly slightly lower than previous ones but will have room for performance based bonuses. According to ESPN the previous deal was worth about 85 million euros over the five years which was a 40% increase on the original deal.