Arsenal manager Arsene Wenger has parted company with the club.
The Arsenal directors ended Wengers long reign as Arsenal boss even though results were starting to pick up
"I'd rather have stayed as manager but I leave on good terms with everybody. I may have left Arsenal , but Arsenal will not leave me," said Wenger
Arsenal owner Peter Hill Wood said: "The board decided change was necessary if we were to realistically challenge for the title next season."
Martin Jol and Rafael Benitez are favourites to take over from Wenger.
But BBC Sport understands David Moyes is not among the frontrunners to succeed the Frenchman.
Who is Coming?
The Arsenal Chairman Peter Hill Wood has stated that members of the public will be shocked with the appointment of the new Boss
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Former Liverpool boss Rafael Benitez has been confirmed as the new manager of English giants Arsenal.
The Spaniard, 50, has signed a three-year contract to take charge at the emirates stadium
"Arsenal welcome Rafael Benitez," the club said in a statement, adding the new manager would be introduced at a news conference on Tuesday,25 July.
Benitez left Liverpool 3months ago after six years in charge, and replaces Arsene Wenger who has recently been sacked .
He won the two La Liga titles and a Uefa Cup with Valencia before moving to Anfield and winning the Champions League the following year in 2005. He also took Liverpool to the 2007 final.
But Benitez faces a tough task following the flamboyant Wenger at the Emirates.
It is rumoured that Rafa Benitez had turned down other offers such as Villa and West Ham in the past but Arsenal was perfect for him.
Rafael Benitez Has Released A Statement
" I am absolutley delighted that i have been given the chance to replace Arsene Wenger. I love the way that Arsenal play there football and im not going to change that. I will be looking to trade and sell some players. i have submitted a shorttlist to the chairman and hopefully we can get buying and selling in the next few days.
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