Manchester City's Julian Alvarez with fellow striker Erling Haaland. Reuters
Manchester City's Julian Alvarez with fellow striker Erling Haaland. Reuters
Manchester City's Julian Alvarez with fellow striker Erling Haaland. Reuters
Manchester City's Julian Alvarez with fellow striker Erling Haaland. Reuters

World Cup winner Julian Alvarez 'proud' after committing future to Manchester City


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World Cup winner Julian Alvarez has signed a one-year extension with Manchester City, committing to the club until 2028.

The 23-year-old forward, who joined from River Plate, has scored 10 times in 33 appearances during his first season at the Etihad Stadium and also found the net four times for Argentina as they triumphed in Qatar in December.

His initial contract was due to expire at the end of the 2026/27 campaign but after a strong start to his City career, an additional 12 months have been added.

“This is a very proud moment for me and my family. For a club like City to put their faith in me like this is amazing,” he said.

“I have been really pleased with my first season here, but I have plenty more I can do. I know I can be better, and City offer me everything I need to fulfil my potential.

“I want to thank the manager, the coaches and everyone at City who works behind the scenes for everything they have done for me since I joined in the summer. I am now focused on getting better and helping City win trophies.”

Argentina players celebrate World Cup win

Director of football Txiki Begiristain paid tribute to Alvarez for his attitude and development since moving to Manchester.

“He is the ideal blueprint for a young footballer and an inspiration to anyone looking to make their way in the game. He has shown already here in England that he has outstanding movement and natural goalscoring instincts,” said Begiristain.

“We saw at the World Cup what a special talent he is. To win that trophy at his age is amazing and we are all very proud of what he achieved. His progress so far has been really good, but we are now fully focused on developing his game even further and turning him into one of the best strikers in world football.”

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UAE currency: the story behind the money in your pockets
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Updated: March 16, 2023, 6:24 PM