Arsenal boss Arsene Wenger has rejected a £40 million offer from
Real Madrid representatives.
The News of the World says Real's president-elect
Florentino Perez was desperate to lure the Frenchman to Spain but
the Gunners boss has decided to stay in England.
Wenger would have been handed a five- year deal which, with
bonuses for winning the Champions League and La Liga, would have
added up to almost £8m a year. He was also promised a free hand on
recruitment by Perez, who also wanted him to eventually become
Madrid's sporting director.
However, despite being flattered by the deal, Wenger has decided
to stay put and will sign a new deal at the Emirates which will tie
him to Arsenal for at least another three years.
