Mikel Arteta has put pen to paper on a new contract with Arsenal, securing his position as manager of the Premier League champions until 2030. The agreement, which BBC Sport reported earlier this month, means his time in charge could now stretch to a decade, having joined in December 2019.
The new deal sees an increase from Arteta's current salary of £10m per year, with an additional £5m in bonuses. His previous contract was set to expire at the end of the current season.
Arteta expressed his commitment, stating, "This club is unique, its character and the way it makes you feel, and I have a great sense of privilege that our journey together will continue." He added, "We have already built a special bond and created memories that will last a lifetime, and what is so exciting is that this is only the beginning of what we can achieve together."
The 44-year-old manager has guided Arsenal to a Premier League title and an FA Cup victory, also reaching the Champions League final in May, where they lost to Paris St-Germain. Co-chairmen Stan and Josh Kroenke commented, "We share a special bond with Mikel. We are so proud of everything we have achieved since he returned to the club in 2019."