Liverpool Seals Record Deal: New Shirt Sponsor to Feature from Next Season
While the club did not disclose the financial terms of the agreement, the BBC reports the five-year contract is valued at approximately £300 million, making it the most lucrative front-of-shirt partnership in Premier League history. This deal will see the Reds earn an additional £10 million per season, surpassing their current agreement with British multinational bank Standard Chartered, which brings in around £50 million annually.
According to a club statement, the partnership is built on strong foundations, referencing the team's triumph in the 2005 Champions League final in Istanbul. "The front of the shirt holds a special place in Liverpool's history," stated Ben Latty, the club's Commercial Director.
"This partnership unites two global brands that share international reach, a commitment to excellence, and the ability to inspire millions worldwide," commented Turkish Airlines CEO Ahmet Olmustur.
Liverpool was the first major English club to feature a shirt sponsor, promoting Japanese technology company Hitachi as early as 1979, AFP reported.