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Liverpool manager Jurgen Klopp has signed a new deal with the club which will keep him at Anfield until 2022.
Klopp's deal is described as "long term" in Liverpool's statement, and while its exact length was not officially specified reports claim that it is a six-year deal.
Zeljko Buvac and Peter Krawietz, Klopp's assistants throughout his managerial career, have also been retained on new long-term deals.
The former Borussia Dortmund manager enjoyed a successful first season with the club, taking over in October and leading the team to the final of both the League Cup and Europa League - though any joy from those results was tempered by a disappointing eighth-place finish in the Premier League.
Yet the league form clearly doesn't worry FSG Sports owner John Henry, chairman Tom Werner or president Mike Gordon - Klopp is a man for the long-term, as they made clear in the announcement.
'World-class managerial talent'
"When you have an individual of Jürgen’s quality in the building it makes perfect sense to secure that person for the long term. To not do so would be irresponsible," said Liverpool's statement.
"In Jürgen we have someone who is always looking ahead, always looking beyond his own wants and needs and putting the club first. The ideas and plans he has for the football infrastructure excite us and we believe it benefits the organisation to have Jürgen committed to Liverpool for a sustained period, to make sure he is here to oversee this development.
"By making this commitment to him, we are taking away any future distractions or doubt. We will move forward in partnership together, with confidence in each other and with the club’s future at the forefront of every decision.
"He is a world-class managerial talent and his leadership will be critical to everything we hope to achieve in the years ahead.”
'With this great commitment comes a great responsibility'
Klopp himself sounded delighted to have extended his deal.
"It’s hard to express in words how honoured myself, Zeljko and Peter feel by the commitment shown in us by the ownership and the club in general," he said.
" We are very much at the beginning of our journey, but to already have the connection we have with this very special place is incredible. "

"I am the first to recognise that with this great commitment comes a great responsibility. All of our coaching careers we have looked to make teams and clubs better, with the ultimate goal of making the supporters proud and happy.
"We have to make sure we always put player and team development at the heart of every major decision," he added.
"It is my job to lead that and ensure every element of the LFC football environment reflects the best practices in the game. It is fantastic that the club’s ownership is just as committed to this as we are.
"There is much to do and much to achieve and we look to do this by being the most completely together group anywhere in the world. That’s everyone and we all have responsibility for it - all of us who are part of this LFC family: players, staff, ownership and of course the supporters.
"By being together at all times, we will be stronger, better and our successes sweeter.”
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