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Manchester City are about to strike it rich with a new £80million-a-year sponsorship deal with Etihad.

The Premier League champions, who are four years into a 10-year agreement worth £400million with the national airline of Abu Dhabi, are in the process of renegotiating the terms of the package.

The current deal is worth £40million-a-year to City, but includes sponsorship of the shirt, training kit and naming rights to the club’s

With City paying the local council around £2million annually for the right to rebrand the stadium, it means they are currently earning less than most other top clubs get for shirt sponsorship alone.

Manchester United bank £47million a year from

, while Chelsea have

that will net them £200million over five years.

With the worldwide interest in the Premier League showing no sign of slowing down following the new £5billion TV deal, City want to cash in on a sponsorship package that could double their current arrangement with Etihad.

UEFA have already ruled that City’s business relationship with Etihad is not a ‘related party’ arrangement, despite their Abu Dhabi connection, and therefore it does not break their Financial Fair Play Regulations.

City failed FFP last year and were fined £49million and ordered to operate under a restricted transfer budget as well as having their squad reduced for the Champions League.