The former Netherlands international concedes that the pressure is mounting on the Gunners boss to turn things around, but believes sacking him will prove that “money beats vision”
The Dutchman spent two years at the Gunners from 2001 to 2003 and feels that the Gunners would be wrong to dismiss the French boss after a poor start to the Premier League season that has heaped pressure on the veteran manager.
"He's an institution,” Van Bronckhorst told NUsport. “Look at what he's achieved and how his philosophy has been an example to millions.
“But you never know what might happen if the pressure grows from the outside world.
“That 8-2 loss against Manchester United was quite something. There has been a lot of pressure to perform ever since though and even an institution could fall.
"I say that he's the best coach in the world. If he's fired, you can say money beats vision."
Arsenal currently sit in 15th position in the Premier League, having only managed to take seven points out of a possible 21.