By Bernd Debusmann Jr
AC Milan and Emirates are reported to have been negotiating a renewal for several months
AC Milan and Emirates have agreed to extend their relationship after the end of the season, according to media reports.
The current deal between the team and the airline expires at the end of June. The two sides have been negotiating a renewal for several months.
In September, MilanNews.It reported that AC Milan executive Ivan Gazidis had held talks with a number of other potential sponsors to increase revenue. According to the news outlet, the discussions also included the possibility of naming rights at the club’s new San Siro project.
Pietro Balzano Prota, an Italian journalist, has reported, however, that AC Milan an Emirates have come to an agreement, with only paperwork remaining left.
While the total amount that Emirates will funds the club will be less than before, although there will be variable bonuses.
Emirates declined to comment when contacted by Arabian Business.