Chelsea Sporting Director Frank Arnesen has turned down
an offer to rejoin Spanish side Valencia on a two-year
contract.
The offer was set to increase his wages which currently amount to
£3.3 million a year at Stamford Bridge.
Arnesen reached the peak of his playing career at the Mestalla
stadium when he played for the Spanish giants from 1981 to 1983
before moving on to RSC Anderlecht.
Arnesen, who joined Chelsea from London rivals Tottenham two years
ago, was offered a similar role by the Spanish club to work
alongside coach Quique Sanchez Flores, according to reports on
Danish radio.
Valencia president Juan Soler said: 'Arnesen is a key man in
football as he has much experience and contacts. But he has sadly
decided to stay in London.'
Arnesen's role has increased at Chelsea, to the increasing
displeasure of boss Jose Mourinho. But the charismatic Dane still
chose to stay at Stamford Bridge
Arnesen said: 'I am very committed to Chelsea and have the
objective to search for future stars.'