Stan Kroenke has been told to back Mikel Arteta amid growing pressure on the Spaniard.
The Gunners have revived their chances of reaching a Europa Conference League spot with a win over Chelsea, but they still look likely to end up without European football for the first time in 25 years.
After defeat to Villarreal in the Europa League semi-finals and amid a disappointing Premier League campaign, Arteta came under intense pressure, failing to take the team on from Unai Emery, who was sacked with a better record than his fellow Spaniard.
But former Manchester United midfielder Lee Sharpe has urged the Arsenal decision-makers to stick with Arteta heading into next season.
“If Arteta gets sacked, who do Arsenal bring in, and do they create better results? I’m not too sure,” he told Genting Bet.
“I think the Arsenal situation is not something that’s happened overnight, I think it’s happened since Arsene Wenger’s left – Manchester United have been through a similar thing since Alex Ferguson left.
“They’ve just not got it right. The best thing to do would be to give Arteta time – I don’t know him personally, but I think his experience of working with Pep, I think the way he played the game – he’s a knowledgeable man, he’s an intellectual man, he’s a football man, and I give him a couple of quid to spend this summer.
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“Give him a couple of quid to spend in the January window, then give him another full season, see where he goes and reassess, but I think if you sack him now, you’re just back to square one – and you have the same process all over again, so I would give him a bit of time.”
Arsenal head into their final two games chasing down Tottenham and Everton for seventh spot with both teams a point ahead with a game in hand.