Saracens have announced an £8m deal which will see their new home at Copthall renamed as Allianz Park.

The Premiership rugby club have signed a six-year agreement with the German financial services company.

The Men in Black are moving to the Mill Hill athletics stadium next year and will host their first game against Exeter Chiefs on February 16.

Chairman Nigel Wray said: "We are delighted to welcome Allianz as a long-term partner not only because they are a company with an outstanding international reputation, but also because they are an organisation which shares our core values and principles.

"Over the past three years, the club has made outstanding progress in terms of team performance on the field, building a strong global profile and securing a home ground. We are now starting to realise our commercial potential. This deal represents a massive step forward for Saracens.”