Club CEO Ferran Soriano, added: "Pep's new contract extension is fantastic news for Manchester City".
The 20 clubs between them have split a staggering £2.42BILLION this season, from annual Premier League income that is now more than £3bn a year, the vast majority from TV deals either at home or from overseas.
Guardiola has been one of Europe's most successful coaches in recent times, winning three league titles and two Champions League trophies during his time at Barcelona before moving to Bayern Munich, where he also conquered the league on three occasions.
City’s players toured Manchester on an open-top bus
"I'm so happy and excited. It's a pleasure to be able to work here", Guardiola said today.
Arsenal have been going backwards in recent years and some of their players have had their foot off the gas for far too long, so you would expect to see a more improved Gunners side emerging with a new manager at the helm.
City chairman Khaldoon Al Mubarak saluted Guardiola's ability to unify his squad of rising young talents and established stars.
National Weather Service Confirms Two Tornadoes Hit Connecticut
In Connecticut, the state's two major utilities reported 90,000 without electricity, most in the western part of the state. The abnormally high tides were reported in areas from Perth Amboy in New Jersey to Delaware's Fenwick Island.
Despite his praise for them, the two teams finished 23 and 25 points behind his Manchester City side, respectively, in the Premier League. From where I want to play, how I want to play, with who I want to play with and how we are doing it.
I am very much looking forward to the continued impact of his work and to fulfilling our shared ambitions in the coming seasons.
City declined to reveal if... We have all been privileged to witness the success the team has enjoyed this season.
SRH challenge for resurgent RCB
The visitors would be hoping that both the under performing batsmen will hit the straps before the knockouts. RCB now have 10 points from 12 games, same as Kings XI with two games remaining for the both teams.
Not for the first time this season Cardiff City manager Neil Warnock lost out to Wolves boss Nuno Espirito Santos who won the Championship's accolade.
City won the title with a record 100 points but received a payout of £149.44 million ($201.91m) - £328,491 ($443,820) less than biggest earners United, who got £149.77m ($202.35m).
Messi: Huge blow if Neymar joins Real
It would be a huge blow for everyone. "And on a footballing level Madrid would be much stronger than they already are". Speaking in an interview with Canal Zico 10: "The friendship that we had was something very lovely ".