Laurent Blanc and PSG Agree on Contract Extension: Latest Details and Reaction

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Laurent Blanc and PSG Agree on Contract Extension: Latest Details and Reaction
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Paris Saint-Germain boss Laurent Blanc has signed a one-year extension to his current contract, tying him to the club until June 2016. 

The news was reported on Thursday via the club's official website and Twitter feed:

BBC Sport noted that Wednesday saw the French giants crowned Ligue 1 champions for the second year running after second-placed Monaco were held to a 1-1 draw by Guingamp before PSG lost 2-1 at home to Rennes.

Despite their loss, Blanc's side still became the first team to retain the French league since Lyon in 2008 thanks to their seven-point lead with only two games remaining.

The former French international player and manager has also led the Paris club to the French League Cup this season as well as the Trophee des Champions at the beginning of the season.

PSG made the quarter-finals of the Champions League for the second consecutive year, eventually losing out to Chelsea on the away-goals rule, having been 3-1 up after the first leg.

"I am very happy to continue with Paris Saint-Germain. I want to be a part of this project over the long term, the most ambitious project in european football. Together, we will dream bigger," Blanc told the club's official website.

According to Dominic Fifield of The Guardian, there had been some talk that Blanc may not be at PSG for much longer after they had failed to make it to the last four of the Champions Leaguewhich would have confirmed their position as a force to be reckoned with on the world stage.

However, PSG president Nasser Al-Khelaifi told the club's website he believes Blanc is the right man to continue guiding the club:

It is perfectly justified to show our confidence in Laurent Blanc. We are very happy with his results this season, as well as the very attractive football the team has played. We are convinced we will win a lot more trophies together.

Indeed, as Ligue 1 journalist Jonathan Johnson notes, Blanc has an impressive record in his first season in charge at the club:

It is likely that success in Europe is the main aim for a club which includes the likes of Zlatan Ibrahimovich, Edinson Cavani and Thiago Silva in its squad.

It seems that Blanc is seen as the right man to navigate the transfer window this summer and lead the club to further success in the 2014-15 season and beyond.

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