"This new agreement is good news, it provides a tremendous boost for league clubs and, on their behalf, it is a great pleasure to welcome Coca-Cola to this partnership," said Football League chairman Sir Brian Mawhinney.
"I am grateful for their support. For our part we will ensure that we continue to deliver a quality product.
"Attracting a brand of the stature of Coca-Cola is clearly a coup for the league and demonstrates the enduring appeal of our competition.
"This partnership will contribute significantly to the proposed re-branding of the Football League.
"I want to say how much we have appreciated the partnership with Nationwide which goes back eight years. I hope we can work with them again.
"This is the best sponsorship deal the Football League has ever done.
"We share the revenue of the league with our clubs. That is what we are there for. The news is good for clubs.
"As this is a significant deal they can look forward to receiving a little more from us next season than they have in the past."