Unequivocally good news.
Michael Johnson has signed a five year deal - keeping him at City until summer 2013. Only Micah Richards and Pablo Zabaleta are contracted for that long.
We've heard rumours of his signing before: the day before Magic Monday we read that he was about to sign. Presumably the takeover delayed this, but it's good to finally have it confirmed.
If Hughes and the new owners are serious about cautiously building a team of players with 'an empathy for the club' (Hughes' phrase), keeping Michael Johnson is absolutely essential.
Next priorities: Joe Hart and Danny Sturridge.
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