This is more accurate than what reputable newspapers in the UK published a day earlier. The two years in this contract are probably the last times coach Arsene Wenger has been with Arsenal.
Arsenal's joint-estor Stan Kroenke said: Our aim is to win the Premier League and win other trophies in Europe. The fans, players, staff, coaches and the board all waited and did not rest until it was achieved.
Arsene is the best person to help us do this. He has gone through a memorable journey and has our full support.
Meanwhile, the Frenchman himself said: I love this team and I look forward to the future with optimism and excitement. We look at what we do well and what we need to do to be stronger in all positions. This is a strong team and with a few additions, we can be more successful.
We will maintain the ability to compete for the Premier League title and that is the focus of the team this summer and next season. I am grateful for the support of the board and Mr. Stan Kroenke did it to be able to win more titles. That is what the team wants and demands from fans around the world".
Coach Arsene Wenger and Arsenal CEO - Ivan Gazidis have come up with a detailed plan for both on and off-field activities to improve the team and maintain the ability to compete for titles.
In addition to the record £110 million spent on the transfer market in the summer of 2016, Arsenal have spent £40 million to improve facilities at the London Colney training centre and academy over the past two years.
Arsene Wenger has been with Arsenal since 1996 and has won three Premier League titles and seven FA Cups with the team. However, their last Premier League title was 13 years ago. And over the past 2 years, the "Professional" has continuously encountered a wave of boycottes by fans.
In the 2016 2017 season, Arsenal only ranked 5th in the Premier League rankings. Therefore, they have not qualified for the UEFA Champions League for the first time in more than 20 years. In the next season, they will compete in the Europa League.
