Pep Guardiola has signed a two-year contract extension at Manchester City after leading the club to the Premier League title.
The Spaniard, who still had 12 months left on his current deal, has committed his future to City until the end of the 2020-21 season – meaning he will have been in charge at the Etihad longer than his two previous clubs Barcelona or Bayern Munich.
The news is a massive boost to City at the end of a memorable season in which they have won the Premier League and shattered a number of records including those for most points, most wins and most goals. Guardiola’s side also lifted the Carabao Cup.
‘I am so happy and excited. It’s a pleasure to be able to work here,’ Guardiola told City’s official website. ‘I enjoy working with our players every day and we will try to do our best together in the coming years. As a manager, you have to feel good to be with the players – and I feel good.
‘I will focus on the desire of my players to become a better team and every day that’s what I will try to do – to improve on the pitch and improve our players.
‘We have a young squad with an average age of 23 and we want to keep taking steps forward and maintain the levels we’ve achieved this season.’
It’s understood that the club’s Abu Dhabi owners have rewarded the 47-year-old coach by increasing his salary from £15million-a-year to closer to £20m.
They are delighted that Guardiola has agreed to stay longer amid concerns that a man who had never worked at a club longer than four years, and needed a sabbatical after leaving Barcelona in 2012, might quit at the end of his initial three-year deal at the Etihad.
The issue would certainly have become a distraction next season as Guardiola entered the final 12 months of his contract, but it has been resolved before he leaves on holiday with his wife and three children.
City’s Chief Executive Ferran Soriano, who was present at the contract signing alongside director of football Txiki Begiristain, added: ‘Pep’s new contract extension is fantastic news for Manchester City.
‘We have all been privileged to witness how we have played beautiful football, won titles, broken records and reached the incredible mark of 100 Premier League points.
‘Pep has shown this style can succeed in the Premier League in a way it has never been done before.’
Extending Guardiola’s contract will also help City to attract their transfer targets, with Napoli’s Jorginho and Riyad Mahrez, of Leicester, expected to be the latest players through the door this summer.
Guardiola has secured a win ratio of 68 per cent over his two seasons at the Etihad, amassing 77 victories in 113 matches since joining in the summer of 2016.
City became the first side in Premier League history to break the 100-point barrier with their 1-0 win over Southampton on the final day of the campaign.