The Frenchman is under pressure, following a series of disappointing results, including back-to-back 3-0 defeats to Manchester City.
Senior officials at the Emirates have reportedly drawn up a list of possible replacements for Wenger.
Hill-Wood, who stood down as club chairman in 2013, believes the time may have come for Wenger to end his 22-year association with the North London club.
“I clearly am not very happy about what is going on,” Hill-Wood told the Daily Star.
“I think that there probably ought to be a change of management.
“He has done fabulously well, it is just he has overstayed his welcome. I find it very sad because he was the great love of many and then it [overstaying his welcome] has destroyed it all.” SHARE THIS STORY USING ANY OF THE BUTTON BELOW ⬇ PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇
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