( CNN ) -- Arsenal have tied up a $ 240 million deal with Emirates as the club looks to end its seven year trophy drought . The EPL club has extended its shirt partnership with Emirates until the end of the 2018/19 season , while the airline will also continue its hold on naming rights of the stadium until 2028 . The sponsorship , which is estimated to be worth around $ 48 million a year , has been hailed as a deal 'all about football ' by Arsenal chief executive Ivan Gazidis , who insisted money would be available for player investment in June 2013 when the club receives the first payment from Emirates . The latest agreement , according to Gazidis , will give Arsenal , `` the resources in what we believe is a responsible and well managed way , to be able to invest in what we put onto the pitch for our fans . '' Manchester United sends DHL packing . In July Manchester United signed a seven-year shirt deal with U.S. car giant Chevrolet worth $ 72 million a season up until 2021 , while Liverpool 's four-year shirt deal with Standard Chartered which was signed back in 2009 is worth $ 128 million in total . Manchester City signed a 10-year deal with Etihad for naming rights and shirt sponsorship worth a reported mammoth $ 641 million only last years . But Arsenal insist that only United 's shirt deal is worth more and that their deal with Emirates is the second most valuable in Europe . However , the club receives around $ 85 million from sponsorships , which is far less than that of its rivals including Liverpool , Chelsea and Manchester United . And while it posted the third-best sales figures for the year ending May 31 of $ 389 million , it still lags behind its rivals on the field . The Gunners ' inability to win a trophy since 2005 under manager Arsene Wenger has led to supporter frustration with the team 's inability to challenge for top honors . Daniel Geey , an associate for Field Fisher Waterhouse LLP and an expert on finance within football , believes Arsenal 's sponsorship deal is a sign of the impact that Financial Fair Play is starting to have on the Premier League . Fair play ? Football clubs seek to beat financial offside trap . `` The Arsenal deal will however only begin in time for the 2014-15 season which means the financial uplift is still some time away , '' Geey told CNN . `` Depending on how the revenues are apportioned between the shirt and stadium deal , only the future Manchester United Chevrolet $ 72 million a season shirt deal ( also starting in 2014-15 ) is significantly higher in the Premier League . `` It means that in the Premier League alone , there have been some very large recent sponsorship deals with Liverpool 's $ 128 million four-year shirt sponsorship deal with Standard Chartered in September 2009 and Manchester City 's reported 10 year $ 641m shirt , stadium and community deal with Etihad . `` Bearing in mind the latest bumper UK and foreign broadcasting deals that have been announced by the Premier League ( forecasted to be around $ 8bn ) and the prospect of some type of salary cap being proposed in the Premier League , it is clear that owners are looking to aggressively maximize revenues whilst to some degree constraining wages . `` It may well be that FFP has had the desired 'belt tightening ' effect . '' Under the new FFP rules , owners can only contribute a maximum of $ 55.5 million for the 2013-14 and 2015 seasons together , and $ 37 million during the period covering 2015-16 , 2016-17 and 2017-18 . Current rules state that should clubs incur losses in excess of $ 60 million over a three-year period , they will be hit with sanctions as well as exclusion from the Champions League and Europa League .
EPL has signed a $ 240 million sponsorship deal with U.S. . Shirt deal will remain until 2028 with naming rights maintained until 2028 . Deal is worth $ 240 million a season to the Arsenal club .