Some of the conspiracy theories in here
What's going on behind the scenes isn't that exciting I'm afraid - of course the following is just my opinion:
All of our manager's post Fergie are given a contract which states the target 'TOP 4 OR SACK'. Jose has talked about the importance of Top 4 many times before, so it's definitely a clause.
Woodward and the owners will currently be looking at potential candidates post Jose. They're not as stupid as we all like to make out. They'll know his time is coming to an end and won't fire him until it's mathematically impossible to qualify for the CL next season (see Moyes' sacking.) Sacking Jose this way willl be far cheaper and it also makes us look like a club that gives managers time, an image Woodward and the club seem proud of.
It IS that simple I'm afraid. I want Jose out. But it won't happen before that unless he does something ridiculous like leave a big turd on Woodward's desk. And even then I reckon we'd still give him until the contract clause isn't met.
It's a waiting game now. And it's pointless sacking him, rushing out to get Conte (Jose mk.II) and be in the same boat next season.
I've said it before - Top 4 is the worst thing that can happen to us this season. It will ensure that the owners think they can stick with Jose, Jones, Smalling, Fellaini, Young, Lukaku etc for another few years. It must not happen. We must finish 6th-10th for the long term health of the club.