By Daily Sports on October 9, 2018

Arsenal have signed a new kit sponsorship deal with adidas which is expected to be worth close to £60 million-per-year.

This new agreement is almost double the £30m-per-year the club was getting from Puma.

Arsenal confirmed the deal on Twitter on Monday, saying it will go into effect on July 1 next year when their partnership with Puma expires.

The club did not immediately provide any further details, but the adidas partnership is expected to be a five-year deal.

Coupled with a new shirt sponsorship deal with Emirates that also goes into effect next season, the adidas contract should increase Arsenal's spending power regardless of whether the Gunners manage to return to the Champions League.

Arsenal also signed their first sleeve sponsor for this season, the Rwanda Development Board, in a deal worth around £10m-per-year.

The club last wore an adidas kit during the 1993-94 season, and spent two decades with Nike before switching to Puma. (KweseESPN)

•Photo shows Arsenal players

Source Daily Sports

Posted October 9, 2018

Conte hopes record run sparks glory

Lagos Marathon Holds April 10

Rohingya refugees float football club, vow to show...

Emery Fears Chukwueze May Require Surgery

Nigerian wrestler, Power Uti arrested over wife’s death...

KP Boateng Reveals How Racism Made Him Cry...