Dein heads company eyeing Arsenal shares

Former Arsenal vice chairman David Dein has re-emerged as a central figure in the club’s future by becoming chairman of a company that has pledged to buy shares in the club.

Dein, who stepped down in May following a disagreement with the rest of the board over the merits of encouraging a wealthy American investor, sold his 14.58 per cent stake for £75m to a company called Red and White.