ARSENAL are likely to give Mikel Arteta a wage hike this summer with a new £8.3 million-a-year contract. Arteta's contract is up in 16 months, and the club is eager to lock down his long-term future at the Emirates.
And owner Stan Kroenke is ready to show his faith in the Spaniard by agreeing to a three-year deal worth £25 million for the Premier League's youngest manager. Arteta's current wage of £5 million per year pales in comparison to that of his former Manchester City coach Pep Guardiola, who earns £20 million per year at the Etihad.
Antonio Conte, the new manager of Tottenham Hotspur, and Jurgen Klopp, the manager of Liverpool, are both paid approximately £15 million per year, and even Brendan Rodgers, the manager of Leicester City, is paid roughly twice Arteta's yearly pay. When the club was having to deal with the costs of playing behind closed doors during the Covid epidemic in April 2020, Arteta decided to take a 20% wage reduction.
In September 2020, his job title was promoted from first team coach to manager, although it is unlikely that his pay was increased. Arsenal, on the other hand, are prepared to give their 39-year-old manager a 60% pay increase, bringing his annual salary to £8.3 million, the same amount as Arsene Wenger earned when he left the club in 2018.
It's a significant turn of events for Arteta, who was battling for his job when Arsenal was rooted to the bottom of the Premier League after losing their first three games. Despite the odds being stacked against him, Kroenke stuck by his man and has seen his loyalty rewarded with a dramatic increase in outcomes over the last six months.
Last month, Arteta traveled to Denver to meet with millionaire Kroenke and his son Josh. After allowing a massive summer buying binge to improve the team in preparation for a return to European competition next season, the owners made it plain that the Spaniard had their complete backing.
Since taking over from Unai Emery in December 2019, Arteta has supervised a massive Arsenal clear-out, with 16 players leaving and the club saving around £90 million in yearly wages. However, Kroenke recognizes that he must now spend in the team, and his first objective is to agree on a pay with the manager that represents his significance to the enterprise.
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