New ground name and Wenger staying. I guess we'll call the stadium Ashburton Grove

from BBC football site
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Arsenal name new ground

Arsenal have signed a £100m deal with Emirates Airlines, which will see their new 60,000-seater ground at Ashburton Grove named the Emirates Stadium.

The deal also sees Emirates become the Gunners' shirt sponsor for eight years - starting in 2006-07.

The stadium, which should open in the same season, will take on its new name for the next 15 years.

"The sheer size of this deal is an amazing opportunity," said Arsenal managing director Keith Edelman.

In a statement, the club added: "The combined value of both elements of the sponsorship is by far the biggest deal ever undertaken in English football."

In February, Arsenal finally secured the £357m needed to build the new stadium.

The Gunners' new home will be built by Sir Robert McAlpine under a fixed price contract, which also includes the construction of a new waste and recycling centre.

Emirates, the Dubai-based airline, currently sponsors Chelsea's shirts but that deal expires at the end of the season.

"This represents a win-win partnership for both Emirates and Arsenal," said Emirates chairman, Sheikh Ahmed bin Saeed Al-Maktoum.

Arsenal's current club and shirt sponsorship deal with phone company 02 expires at the end of the 2005-6 season.

Wenger close to new deal

Arsenal manager Arsene Wenger has revealed he expects to sign a new contract "within the next few days".

Wenger's current Highbury contract expires at the end of this season but his new deal is set to keep him at the club until at least 2008.

"I am committed to the future of the club and it is a question of days before we will announce an extension.

"I am not worried about it at all - and I expect it should be extended for a few years," he said.

"My contract is just a question now of fine details between my lawyer and the club's lawyers. The money is not in question."