Arsenal’s majority shareholder Stan Kroenke has put his full support behind manager Arsene Wenger after the Frenchman penned a new two-year contract earlier this week.

Wenger’s future with Arsenal, who are priced at 13.00 to win the 2017-18 Premier League title, has been one of the big talking points in the Premier League this season but he finally ended all the speculation on Wednesday.

Reports claimed on Tuesday that he would be handed a fresh deal and it was officially confirmed by the club the following day.

The Frenchman, who first took charge in 1996, has come in for plenty of criticism in 2016-17 after failing to secure Champions League football, however, they did with the FA for a record-breaking 13th time.

Arsenal supporters appeared torn on what they felt was best for the future of the club but Wenger has decided to stay on as he attempts to get them back into the top-four and challenging for a first Premier League title since 2003-04.

Kroenke admits that the club need to be back competing for the Premier League crown sooner rather than later and he is certain Wenger is the right man to steer them in that direction.

“Our ambition is to win the Premier League and other major trophies in Europe,” Kroenke said.

“It’s what the fans, players, staff, manager and board expect and we won’t rest until that is achieved.

“Arsene is the best person to help us make that happen. He has a fantastic track record and has our full backing.”