Milan completes sponsorship deal

AC Milan has agreed to a 60 million euros ($81.6 million), five-year shirt sponsorship deal with Emirates airline.

AC Milan vice president Adriano Galliani said Friday that the deal, which starts in July, could be worth more with bonuses tied to results.

The Dubai-based airline already has a three-year sponsorship agreement with the club that was signed in 2007. Emirates also sponsors Arsenal, Paris Saint-Germain, Hamburger SV and Olympiakos.

AC Milan, which is part of Italian Prime Minister Silvio Berlusconi's business empire, also has a sponsorship agreement with Adidas that runs until June 2017.