Arsenal chief executive Ivan Gazidis has announced that long-serving manager Arsene Wenger is to sign a contract extension at the club, with a full announcement to be made ‘at the right time’.
Gazidis broke the news during a press conference to announce Arsenal’s big-money sponsorship deal with Puma, with Wenger now poised to extend his 17-year stay in North London,
— David Ornstein (@bbcsport_david) January 27, 2014
Wenger, who has failed to win a major trophy for the last eight years, was seemingly headed towards a summer exit, with his contract set to expire in July.
But it seems now that the 64-year-old is to stay, with criticisms of his transfer policy and lack of ambition fading away after the club’s big-money signing of Mesut Ozil last summer, and their current status as Premier League leaders.
Wenger will guide Arsenal into a new era, with the club’s new sponsorship deal with Puma to earn them £30m a year, replacing their existing deal with Nike from July 1st.
Gazidis said: “We are excited to be partnering with Puma, a company whose football heritage and record of innovation have a strong affinity with our own. This represents another important step forward in Arsenal’s progression on and off the pitch.”
What do you think? Are Arsenal fans glad that Wenger is set to stay? Let me know in the comments below…