( CNN ) -- Manchester City announced a deal with Etihad Airways on Friday which will see the English football club rename their home stadium . As a result of the 10-year agreement , the Premier League team 's ground will be called the Etihad Stadium and large parts of the surrounding area will now be known as the Etihad Campus . The Abu Dhabi-based airline has also extended its shirt sponsorship deal with last season 's FA Cup winners , which began in May 2009 . `` The City of Manchester Stadium will be renamed the Etihad Stadium effective immediately , '' read a statement on the club 's official web site . `` Etihad Airways has extended its shirt sponsorship deal reflecting an increased media value due to the club 's improved on-pitch performance in the 2010-11 season . '' Roberto Mancini 's team achieved a third-place finish in the domestic table , qualifying for the European Champions League for the first time in the club 's history . The FA Cup triumph represented City 's first trophy in 35 years . City 's chief executive officer Gary Cook hailed the agreement as a sign of the team 's continued development . `` We are delighted to be expanding our relationship with Etihad Airways through this comprehensive partnership agreement , '' he said . `` Most importantly , in addition to delivering significant revenue at a key stage in the club 's evolution , the agreement creates exciting opportunities for our two organizations to cooperate more deeply commercially and on media and community initiatives in the future . '' The deal with Etihad has seen the two-time English champions further strengthen their links with the United Arab Emirates , after the club was taken over by Abu Dhabi billionaire Sheikh Mansour Bin Zayed Al Nahyan in August 2008 . On the pitch , City this week completed the signings of France left-back Gael Clichy from Arsenal and Serbia defender Stefan Savic from Partizan Belgrade .
City have announced a 10-year naming rights agreement with Etihad Airways . The deal means Manchester City is now known as the Etihad Stadium . The Abu-Dhabi based airline has also extended shirt sponsorship agreement . Last season was the City of Manchester Stadium 's most successful campaign since Last season .