MANCHESTER — Roberto Mancini has signed a new £37,5 million deal with Manchester City — making him the Premier League’s highest-paid boss.
Mancini will earn £7,5m-a-year under the terms of the new five-year deal, overtaking rivals Sir Alex Ferguson and Arsene Wenger in the pay stakes.
The City boss, who guided the club to the Premier League title last season — their first for 44 years — has seen his heroics rewarded with the lucrative deal.
“Manchester City Football Club today are pleased to announce that a new contract has been agreed with manager Roberto Mancini,” City said on their website (www.mcfc.co.uk).
“The deal, which runs until the summer of 2017, follows the club’s most successful season in more than four decades, which concluded in the most dramatic of circumstances in the team’s thrilling 3-2 win over Queens Park Rangers in May this year.”
City won the title in the most dramatic circumstances with added-time goals from Edin Dzeko and Sergio Aguero securing a last-gasp victory over Queens Park Rangers in their final game.
City reached agreement with Mancini swiftly following talks, heading off interest in the Italian from the Russian national side. Mancini (47) currently on a pre-season training camp with City in Austria, said: “I am delighted to be able to give all of my efforts to Manchester City for a further five years.
“The opportunity which exists to build on our recent success is enormous.
“Manchester City is a fantastic football club, from the owner, chairman, board and the executive team, through to the players, staff and fans.
“I am very much looking forward to the challenges and excitement ahead.”
Although he is now the highest-paid boss in England, Mancini still lags some way behind Jose Mourinho, who earns a whopping £10m-a-year at Real Madrid.
City’s interim chief executive John MacBeath said: “Roberto’s managerial credentials have been well proven in Europe for many years.”
While City pipped arch rivals Manchester United on goal difference to claim the league title, their first Champions League campaign ended with a group-stage exit.
However, City have tied Mancini to a long-term contract in the hope that he can build on domestic success and deliver a first European trophy since the Cup Winners’ Cup triumph of 1970.
Mancini, who played for Bologna, Sampdoria and Lazio as well as representing Italy, has also managed Fiorentina, Lazio and Inter Milan and had recently been linked with the vacant Russia job.
The rich list
Roberto Mancini (Manchester City) £7,5m-a-year
Arsene Wenger (Arsenal) £7,1m
Alex Ferguson (Manchester United) £6,3m
Andre Villas Boas (Spurs) £5,3m
David Moyes (Everton) £3,5m