Who is on the side of Arsène Wenger?
The best quotes from the first half of the season article Arsenal’s new owners have given their full backing to the club’s decision to sell their iconic crest to Nike.
The move comes as the club is on course to become the first English Premier League team to sell its iconic crest.
Arsenal have signed a three-year deal with Nike worth around £7.5 million per season.
The deal was announced on Friday, after a meeting of the board, which included the majority of the club president, Daniel Levy.
Arsenal will be able to keep the crest, which is the same crest as the crest worn by the club for decades, in its current state and will be allowed to use the new logo.
Nike has agreed to pay around £3 million per year for the rights to use and sell the crest.
The crest will also be used as a sponsor of the Premier League champions, as well as a logo and other merchandising.
Arsenal are currently on course for their biggest annual loss since the Emirates Stadium sold for a record £200 million in 2003.
The club will also receive a £200,000 sponsorship payment from Nike, which will be split between the club and Nike’s commercial arm.
Arsenal did not immediately respond to a request for comment.