Man City renames ground Etihad Stadium

Manchester City announced a hugely lucrative naming rights deal with Etihad Airways on Friday which will see their City of Manchester Stadium immediately renamed the Etihad Stadium.

At a news conference at the stadium, the club also unveiled their own team jet, an Airbus A-330 in the team's sky blue colours with their name and badge emblazoned on the sides.

The deal, according to widespread British media reports, is worth a reported 150 million pounds ($241 million) spread over the next 10 years, and will give the club a major revenue boost.

Etihad, the club's major sponsor, is the national airline of Abu Dhabi and is a major coup for the club's wealthy Abu Dhabi owner, Sheikh Mansour bin Zayed Al Nahyan.

At the same time Etihad Airways announced the introduction of a new twice-daily flight service between Manchester and Abu Dhabi from August 1.