EXCLUSIVE: Arsene Wenger Verbally Agrees Contract Extension Ahead Of Schedule To Ensure Arsenal Keep Cesc Fabregas And Robin van Persie
*New deal will expire in 2013
*Salary to stretch beyond current £5m-a-year package
*Formalities to be completed this summer
May 5, 2010 9:41:00 AM
By Wayne Veysey | Arsenal Correspondent
Arsene Wenger has agreed to stay on at Arsenal and extend his contract by another two years.
The Frenchman, whose current deal ends in June 2011, has told the board that he will remain at Emirates Stadium until 2013.Although there are no dissenting voices in the boardroom about the wisdom of extending the contract of a manager
who has been trophy-less for five years, the club were also aware that a new man would realistically need around £70m to rebuild the squad.
The earlier-than-anticipated verbal agreement is a huge boost to the club's hopes of hanging on to marquee players such as Robin van Persie and particularly Cesc Fabregas, who is expected to stay at Arsenal for at least one more season.
While,Andrey Arshavin has been making covetous glances in Barcelona's direction and the European champions also have a much-publicised interest in Fabregas and even Gael Clichy.