American tycoon Stan Kroenke increased his stake in Arsenal yesterday and now has a 12.16 per cent interest in the club.
Wenger said: “To destroy the work we have done together would be stupid. The last person who would want to do that is David because he acted always in the interests of Arsenal.
“At the moment, I do not think about signing a new deal. The summer of 2008 is still quite long away.
“It depends how well I do next season. I can only say I am committed to do as well as I can for the club and for the team as long as my contract lasts. I have always done that.”