Posted February 01, 2013 on AP on Fox
Emirates airlines has agreed in principle to a new five-year jersey sponsorship deal with Paris Saint-Germain, the big-spending French team that just signed David Beckham. Emirates senior vice president Boutros Boutros told The Associated Press on Friday the sponsorship contract should be completed this month. Last year, PSG's Qatari owners were reportedly in sponsorship talks with an unidentified Qatari bank, but Boutros said the club ''never went to see another company.'' PSG's shirts have featured Dubai-based Emirates since 2006 and the current deal, which expires in 2014, is worth $5.5 million a year. ''We have a new contract for a new period for the coming five years. It's just with the lawyers,'' Boutros said by telephone. ''The principle has already been approved by our senior management and by the club itself.'' Boutros would not disclose financial details of the new five-year deal, which begins with the 2014-15 season. But it is not likely to be near the value of the e...
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