By Rob Kelly

Arsène Wenger says that the new £150 million sponsorship deal with Emirates proves that the Club is acting in the correct way.

It was announced on Friday that Arsenal and the airline had agreed a deal that will see Emirates extend its shirt sponsorship for an extra five years.

The Gunners’ home will also continue to be known as Emirates Stadium until 2028, and Wenger says the news is a clear act of faith in the Club.

“If we get that amount of money from sponsors, it is not charity,” the manager said.

“[It is] because the sponsors feel that we act in the right way and with the right values. They reward that.

“After that it is down to us to spend the money in the right way.”

When asked whether this extra money could help him fund a deal for high-profile players, Wenger insisted it was not that simple.

“There are two aspects to any deal, one is the transfer [fee] and the other is the wages,” he said. “The transfers for these kinds of players are not at £30 million today, they are at 50 or 60 million and what has gone through the roof is the wages of these players.

“That is why people plead for financial fair play, even some clubs who pleaded that the new television money [should not be] dedicated to increasing wages because it gives huge problems to everybody.”

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Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 27 Nov 2012