Wenger’s new contract will push his career earnings up past £100m by 2019.
- New contract believed to be worth £8m per year
- It’s the 8th contract in Wenger’s Arsenal career
- The manager was earning just £500k-per-year in his first season
It’s believed that Arsene Wenger will be earning £8m per year under the terms of his new contract.
The club formally announced the new contract today after the manager met with owner Stan Kroenke and the board during the week.
This contract will be the eighth in Wenger’s Arsenal career, extending his spell at the club until 2019 at the earliest.
Wenger’s new salary is a considerable upgrade on the £500k he started out on 1996.
Since then, every new contract has seen an increase in his earnings. By the time the club moved to the Emirates Stadium, he was earning five times what he started on – a suitable reward for the immense success he brought to the club during that time.
However, despite the lack of silverware and the difficulties of paying off the new stadium, Wenger’s salary doubled to £5m when he signed an extension in 2007.
It’s only continued to increase since, a sign of just how much the club value him despite the lack of success domestically and in Europe.