David Dein insists Red & White has no serious plans to make a takeover bid of Arsenal.

Dein may no longer be a member of the Arsenal board but he remains a key figure in the club's future.

He sold his 14.58% stake for £75million to Red and White Holdings Ltd - a company co-owned by Russian tycoon Alisher Usmanov and business partner Farhad Moshiri that has pledged to buy shares in the club - and was then appointed its chairman.

Dein, speaking in an interview with Sky Sports News, insisted the trio still had no current plans to launch a takeover at the present time despite Wenger signing a new deal.

He said: "No, not at all. It was always the intention for Arsene to continue at the club. He is the right man to take the club forward.

"As for the question of future investment it remains to be seen what will happen but the comments that I made last week are true that I can see the landscape is changing and it will continue to change.

"In the fullness of time you will see that more investment will be needed.

"There is certainly no takeover plan at this moment."