Arsene Wenger signs new Arsenal deal

Arsene Wenger has signed a new £8million-a-year Arsenal contract that will keep him at the club until 2017.

Wenger ended any doubt over his future by agreeing the deal after winning the FA Cup earlier this month.

There had been concerns that the 64-year-old Frenchman could quit if he failed to end the Gunners' nine-year trophy drought, but Wenger revelled in the Wembley victory against Hull and pledged to stay in north London.
Arsenal forward Theo Walcott tweeted: 'Great news on the boss signing!!! Exciting times ahead #AFC'.

And Wenger said: 'I want to stay and to continue to develop the team and the club. We are entering a very exciting period. We have a strong squad, financial stability and huge support around the world. We are all determined to bring more success to this club.

'The club has always shown faith in me and I'm very grateful for that. We have gone through fantastic periods and also periods where we have had to stick together. Every time when that togetherness was tested I got the right response. I think I have shown some loyalty as well towards this club and hopefully we can make some more history. I am sure we can.'

Arsenal have handed Wenger a £100m transfer warchest, the biggest transfer budget in the club's history to try to help him win the Premier League title for the first time since 2004.