Gunners to offer Wenger new deal

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Dein has left due to "irreconcilable differences" - putting a big question mark over Wenger's future when his contract runs out in May 2008, but Arsenal chairman Peter Hill-Wood has made it clear he wants Wenger to stay. He said: "It's well known Arsene and David have got on very well over the past 10 years and I am certain Arsene will miss him.

"However I believe the relationship Arsene has with the rest of the board is good. He is on contract with us until 2008 and we very much hope that he will extend his contract beyond that, but we haven't got into talking details on that yet," he told Arsenal TV Online.

The differences between Dein and the rest of the Arsenal board surfaced over the involvement of American businessman Stan Kroenke, who now owns 11% of the club.

Dein was in favour of Kroenke taking on a bigger role at Arsenal but the other directors all wanted to sign an agreement not to sell their shareholdings for at least a year - something Dein was unwilling to do.

Meanwhile, Hill-Wood has promised Wenger he will still be given money for transfers.

He added: "We've always made funds available to Arsene, he attends the board meetings, he understands the financial position. I can assure supporters that we will continue to provide funds when Arsene requires them.

"We have a very good squad - young, maybe, but developing well and if Arsene wants to strengthen it we have the money to provide him with any reasonable purchases he wants to make."