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Diego Simeone signs new Atletico Madrid contract

Diego Simeone has nearly won it all with Atletico Madrid. Their success has almost been synonymous with the Argentinian’s appointment as manager.

Since taking charge in 2011, the 44-year-old has won the Europa League, Copa del Rey and most recently La Liga, pipping Spanish superclubs Barcelona and Real Madrid to the title last year. They were also seconds away from beating fierce rivals Los Blancos in the Champions League final. To get to the final of the competition this season, they are 5/1 though first must get past Carlo Ancelotti’s side in the last eight.

Simeone, essentially has a job for life. Accepting a contract that runs until 2015 has highlighted the club’s ambition and intention to win more trophies, and back the manager every transfer window.

Until this season, the club have performed on a limited budget. Simeone has seen his best players consistently sold every summer and this one previously has been no exception.

Diego Costa and Felipe Luis left to join Chelsea, while also in the last four years, David de Gea, Sergio Aguero and Radamel Falcao have been sold.

However, with Jan Oblak, Antoine Griezmann and Mario Mandzukic arriving at the club for the start of 2014/15 campaign, Atleti have signalled their intent to be competitive in the market, replacing quality with quality. Their Champions League run and title win undoubtedly boosted their coffers, and as such were able to bring Fernando Torres back to his boyhood club in January on loan, with a permanent deal likely in the summer.

Simeone has proved he is capable of working with any kind of player, and has developed a number of the club’s own products while at the Vicente Calderon, such as Koke who has become the heartbeat of the team. Atleti, though, are no fools. If an astronomical offer comes in for one of their stars, which they see value in, they will accept and invest accordingly back into the squad, with continuous growth chief to their plans.

Realistically, the title has slipped beyond them this term, and nine points behind leaders Barcelona, are 100/1 with Coral to retain their crown.