Arsenal Manager Mikel Arteta Signs New 3-year Contract to 2027

Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
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Arsenal Manager Mikel Arteta Signs New 3-year Contract to 2027

Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)

Arsenal manager Mikel Arteta signed a new contract to 2027 on Thursday.

“I feel very inspired, I feel challenged, I feel supported and I want to do much more than what we’ve already done together,” Arteta said.

The 42-year-old Spanish coach has been at Arsenal since December 2019 and transformed the team into Manchester City's main English Premier League title rival by finishing runner-up in the last two seasons.

His previous deal was expiring at the end of this season and speculation mentioned him as a potential successor to Pep Guardiola at City.

“We are really happy that Mikel has signed a new long-term contract. It’s a very positive and proud moment for everyone at the club," Arsenal sporting director Edu said, The AP reported.

“Mikel has shown his qualities since the very first day he joined us, not only as a football manager, but as a person with wonderful values. We have a strong belief in what we are doing and what we want to achieve together. Mikel’s new contract gives us stability and clear direction as we aim for new heights.”

Arteta was Guardiola's assistant at City before succeeding Unai Emery at Arsenal and going on to win the FA Cup in his first season in charge.

Two seasons ago, Arsenal spent 248 days at the top of the league but was beaten to the title by City. No other team had spent so long in first place without being crowned league champion.

Last season, Arsenal pushed City even closer when taking the title race down to the last day, and eventually finished two points behind Guardiola's team.

“Mikel is a dynamic and passionate manager, who is relentless in the pursuit of excellence,” Arsenal co-chair Josh Kroenke said. “He has a deep understanding of Arsenal’s values, and since joining us as head coach in December 2019, he has taken the team to another level in an Arsenal way.”



No Premier League Clubs Charged with 2021-2024 PSR Breaches

Soccer Football - Premier League - Manchester City v Everton - Etihad Stadium, Manchester, Britain - December 31, 2022 General view of a Premier League branded ball inside the stadium before the match REUTERS/Phil Noble/File Photo
Soccer Football - Premier League - Manchester City v Everton - Etihad Stadium, Manchester, Britain - December 31, 2022 General view of a Premier League branded ball inside the stadium before the match REUTERS/Phil Noble/File Photo
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No Premier League Clubs Charged with 2021-2024 PSR Breaches

Soccer Football - Premier League - Manchester City v Everton - Etihad Stadium, Manchester, Britain - December 31, 2022 General view of a Premier League branded ball inside the stadium before the match REUTERS/Phil Noble/File Photo
Soccer Football - Premier League - Manchester City v Everton - Etihad Stadium, Manchester, Britain - December 31, 2022 General view of a Premier League branded ball inside the stadium before the match REUTERS/Phil Noble/File Photo

No English top-flight clubs have been charged for breaches of Profitability and Sustainability Rules (PSR) for the period 2021-2024 although Leicester City remain at risk pending the outcome of an ongoing legal case.

Clubs that had reported losses in the initial two years of the current three-year period were obligated to submit their accounts for the 2023-24 season to the Premier League by Dec. 31. Losses should not exceed 105 million pounds over a rolling three-year period, according to the league's PSR rules.

Everton and Nottingham Forest were both sanctioned last season for breaches of PSR rules and were docked eight and four points respectively.

Leicester, who were promoted last season from the Championship but are currently 19th in the table, avoided a points deduction against a charge in September relating to the three years until the end of the 2022-23 season, Reuters reported.

The club's appeal against the charge was upheld on the basis that an independent commission ruling on the case did not have jurisdiction because Leicester's accounting period ended when the club had already been relegated to the second tier.

"Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings," the Premier League and Leicester said in a joint statement on Tuesday.

"Accordingly, neither the League nor the club will make any further comment at this stage about any aspect of the club's compliance or otherwise with any of the PSR or related Rules, save to say that no complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending Season 2023/24."

No English top-flight clubs have been charged for breaches of Profitability and Sustainability Rules (PSR) for the period 2021-2024 although Leicester City remain at risk pending the outcome of an ongoing legal case.

Clubs that had reported losses in the initial two years of the current three-year period were obligated to submit their accounts for the 2023-24 season to the Premier League by Dec. 31. Losses should not exceed 105 million pounds over a rolling three-year period, according to the league's PSR rules.

Everton and Nottingham Forest were both sanctioned last season for breaches of PSR rules and were docked eight and four points respectively.

Leicester, who were promoted last season from the Championship but are currently 19th in the table, avoided a points deduction against a charge in September relating to the three years until the end of the 2022-23 season.

The club's appeal against the charge was upheld on the basis that an independent commission ruling on the case did not have jurisdiction because Leicester's accounting period ended when the club had already been relegated to the second tier.

"Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings," the Premier League and Leicester said in a joint statement on Tuesday.

"Accordingly, neither the League nor the club will make any further comment at this stage about any aspect of the club's compliance or otherwise with any of the PSR or related Rules, save to say that no complaint has been brought against Leicester by the League for any breach of the PSRs for the period ending Season 2023/24."