3 May 2009 02:51:42
Arsene Wenger has rejected a €45 million offer from Real Madrid and will pledge the remainder of his managerial existence to Arsenal, claims the News of the World.
Florentino Perez, heir presumptive to the Bernabeu throne, has had his eye on the French tactician ever since re-entering the frame for the club presidency.
Wenger had been touted as a candidate for the Blancos hot-seat even before then, as former supremo Ramon Calderon supposedly had him pegged to replace Juande Ramos at season's end.
But not even Perez's promise of a five-year, €9m-per-season package and free reign in the transfer market - not to mention a guaranteed post-coaching role as sporting director - has managed to sway the Gunners boss.
And now, it is understood that Wenger - whose current contract has just over two years to run - is ready to ink a new deal that will keep him at the Emirates until 2014.
Mike Maguire, Goal.com
