The whole situation is a farce at this stage. The fans turning is nothing more than an inconvenience to the board imo. I don't think they have any intention of sacking Wenger and it looks like he's decided to stay on.
The fact that we signed Ozil and Sanchez to contracts running into their last year the summer Wenger's expires was madness in hindsight. I think we'll lose one / both of them if Wenger stays and even if a new manager comes in, they're not going to renew until they see how things go.
Throw in the very real possibility of missing out on top 4 and we could be in for a very rough summer.