All change at Manchester United: CEO steps down at Old Trafford

Richard Arnold is leaving his role as Manchester United chief executive, the Premier League club announced on Wednesday.

The departure of executive vice-chairman Ed Woodward saw Arnold take up the role of chief executive in February 2022.

United have confirmed that he is leaving his position, having joined the club in 2007.

A club statement read: “Richard Arnold has decided to step down as chief executive of Manchester United after 16 years with the club.

“Patrick Stewart will take over as interim CEO, in addition to his existing role as general counsel, with Richard continuing to provide transitional support until the end of December. A search process will be carried out for a new permanent CEO.”

Arnold said: “It has been an incredible privilege to serve this great Football club for the past 16 years.

“Through highs and lows, the constant has been the dedication of our employees and fans.

“I would like to thank all of them for their loyalty and commitment, and wish everyone associated with the club the very best for the future.”

CEO search

Stewart will help the club in their search for a permanent CEO.

“Together with my leadership team colleagues, my job will be to ensure that the club’s foundations remain stable while we embrace changes that can make us stronger over the long term, on and off the pitch, and to support the search for a new permanent CEO,” said Stewart.

Ratcliffe to become minority shareholder

Sir Jim Ratcliffe is now closer to becoming a minority shareholder of United. Ratcliffe’s Ineos group is expected to pay approximately £1.25bn for a 25% stake in the Premier League club.