Arsenal manager Arsene Wenger has given his approval to Stan Kroenke's takeover bid ufffd declaring the American businessman has the club's "best interests at heart".

KSE already own NFL franchise the St Louis Rams, NBA team the Denver Nuggets, NHL club the Colorado Avalanche and Major League Soccer champions the Colorado Rapids.

Wenger is convinced Kroenke will respect the traditions Arsenal have built - a reputation for developing young players - and his involvement will be for the good of the club.

"I have worked with Stan Kroenke at board meetings over the past couple of years and I believe he has the best interests of Arsenal at heart," Wenger said.

"He understands the club's heritage and traditions and our ambition to run the club in a way which protects our long-term future," he added.

Arsenal, league champions on 13 occasions, have not won a trophy since the FA Cup in 2005.