Arsenal have confirmed that manager Mikel Arteta has reached an agreement on a new contract, securing his position at the Premier League champions.
Discussions regarding an extension have been underway for several months, and the club announced on Monday that a deal has finally been settled. While the exact duration was not specified, the contract is expected to keep Arteta at the Emirates Stadium for at least his tenth season, continuing from his initial appointment in December 2019.
The update brings a resolution to speculation surrounding the Spaniard’s future, following earlier reports from BBC Sport indicating that terms were close to being finalized. The new agreement also features a substantial financial improvement, raising his annual base salary from £10m to include an additional £5m in performance-related bonuses.
Arteta recently addressed the uncertainty, emphasizing his dedication to the squad and organization. “They [the fans] don’t have to worry about any of that because I want to be here. I’m extremely happy and I feel very grateful to work with the people I work with,” he said last week.
About time they settled this. The speculation was getting old fast.
Honestly, £15m total package isn’t insane given his impact. Good business from the board.
I had no idea it was this complicated. Thanks for the breakdown!
Wait, does that bonus structure mean more money if we win trophies? Seems a bit odd to the fans.
Great news! Arteta has truly transformed this club. Excited to see what he achieves next.