Real Madrid have agreed a new sponsorship deal with Emirates Airlines.
Marca says Real have renewed their sponsorship deal with Emirates a year ahead of schedule and will receive 70 million euros per year as part of the new agreement.
The club didn't wish to wait until the current contract expired and the new agreement will run until the end of the 2021/22 season.
Under the new terms, Real Madrid triple their shirt sponsorship profits and surpass Manchester United's deal with Chevrolet of 62m euros per year.
According to Palco23, the deal is not yet official, although the economic side of the renewal has been agreed between the two parties.