Manchester United CEO Richard Arnold steps down as Ineos era nears
Chief executive Richard Arnold is leaving Manchester United as they begin their search for a new CEO for the Jim Ratcliffe era. Patrick Stewart, the club’s general counsel, is taking over as interim CEO, with Arnold remaining involved for the rest of 2023. But, with Ratcliffe and Ineos set to buy a 25 percent stake in United for £1.3bn, Arnold will end a 16-year stay at Old Trafford after less than two years as chief executive. The petrochemicals billionaire Ratcliffe wants control of football operations when he takes a minority stake. The lifelong United fan was bidding against Qatari banker Sheikh Jassim after United’s owners, the Glazer family, revealed last November that they were open to investment. Much of Arnold’s time in charge has come amid uncertainty about United’s future and he 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.” Executive co-chairman Joel Glazer added: “I would like to thank Richard for his outstanding service to Manchester United over the past 16 years, and wish him all the best for his future endeavours. We are fortunate to be able to call on the deep knowledge and experience of Patrick Stewart to provide interim stability and continuity as we embark on a search for a new permanent CEO.” A close ally of former executive vice-chairman Ed Woodward, Arnold was criticised for his attempts to bring Mason Greenwood back into the team. Arnold, who was previously commercial director at Old Trafford, played a significant part in transforming United’s commercial and sponsorship revenue. In his time as chief executive, the club signed lucrative partnership deals with Adidas and Qualcomm. After Woodward had become more involved in sporting decisions, he delegated more of the responsibility to football director John Murtough and helped build a structure inside the club. Director of football operations David Harrison, director of football negotiations Matt Hargreaves, head of women’s football Polly Bancroft and deputy football director Andy O’Boyle all joined the club during Arnold’s reign. His tenure also included the appointment of Erik ten Hag and United’s first trophy in six years, in the 2023 Carabao Cup, plus greater investment in the women’s team. Stewart, who has been at United for 17 years, already works closely with governing bodies such as the Premier League, the FA and Uefa. He said: “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.” Further changes are expected at Old Trafford with Sir Dave Brailsford, the cycling boss, likely to play a major role. Brailsford has worked closely with Ineos chairman Ratcliffe both with the Ineos Grenadiers cycling team and at Ligue 1 club OGC Nice. Read More Chelsea set for more Premier League scrutiny over Roman Abramovich era Chelsea face fresh scrutiny over secret payments made under Roman Abramovich Referees chief Howard Webb backs VAR decision on Anthony Gordon goal against Arsenal Chelsea set for more Premier League scrutiny over Roman Abramovich era Chelsea face fresh scrutiny over secret payments made under Roman Abramovich Referees chief Howard Webb backs VAR decision on Anthony Gordon goal against Arsenal
2023-11-15 20:59
Eddie Howe viewed by FA as serious contender to succeed Gareth Southgate
Newcastle United manager Eddie Howe is viewed by the FA as a potential successor to England boss Gareth Southgate should he leave his role after Euro 2024.
2023-10-17 16:46
Unlock $1,000+ in No-Sweat Bets PLUS $200 Instant Bonus With Caesars & DraftKings Promos for NFL Week 4
Turn $5 worth of bets into up to $1,150 in no-sweat bets and $200 in instant bonus bets at Caesars and DraftKings. Read more to learn how you can claim your bonuses in minutes today.
2023-10-01 06:28
Lens captain Fofana heads for Saudi club Al-Nassr
Lens captain Seko Fofana confirmed on Tuesday he has accepted an offer to join Al-Nassr, the Saudi Arabian club...
2023-07-19 00:52
Spalletti calls up 4 of his former Napoli players in his first Italy squad
Four Napoli players figure in new coach Luciano Spalletti’s first Italy squad
2023-09-02 03:16
Who is Uncle T? Conspiracies bloom as Michigan booster linked to sign-stealing scheme
A booster identified as Uncle T has been linked to the Michigan sign-stealing scandal and Twitter has ideas about who he is. And no, he's not Tom Brady.
2023-11-18 04:55
South Carolina returns to familiar No. 1 spot in women's hoops with new faces, inexperienced roster
South Carolina coach Dawn Staley is back at No. 1 in her first season without the core of the group that went to the past three Final Fours and won the 2022 national title
2023-11-15 19:46
Chelsea's Premier League goalkeepers - ranked
The top ten Chelsea goalkeepers of the Premier League era, including Petr Cech, Thibaut Courtois and more.
2023-07-17 23:24
Brighton firm on Moises Caicedo fee as Chelsea near personal terms agreement
Brighton have laid out their demands for Arsenal and Chelsea target Moises Caicedo. The 21-year-old is valued by the Seagulls at over £80m and the club will use Declan Rice's valuation at West Ham as a measuring stick for a potential sale.
2023-06-16 17:47
Lakers can oust Warriors, Heat can finish Knicks in Game 5s
LeBron James, Anthony Davis and the Los Angeles Lakers beat the Miami Heat three years ago in the most unusual NBA Finals ever, played neither during the normal season nor in their home arenas
2023-05-10 04:24
'Traitor' Lukaku awaits hostile return to leaders Inter
Romelu Lukaku is set for possibly the most hostile reception of his career when he returns to the San Siro to face Serie A leaders Inter Milan on a bumper Sunday...
2023-10-27 10:46
Florida sets College World Series record for runs with 24-4 win over LSU to force deciding Game 3
Florida scored the most runs in the history of the College World Series in a 24-4 rout of LSU that forced a deciding Game 3 of the CWS finals
2023-06-26 06:54
You Might Like...
Mel B reveals fitness secrets for women in 'later years'
Every time British transfer record broken in Premier League era
Manchester United complete £72m transfer of striker Rasmus Hojlund
Tatum's 4th-quarter 3s push Celtics past 76ers 95-86; force Game 7
EuroLeague live streams: How to watch the 2023-24 EuroLeague season
Today at the World Cup: Ireland knocked out after Canada defeat
Jeff Passan gets brutally honest about Yankees trade for Josh Donaldson
Cameron Ward throws 4 TDs in first half, No. 23 Wazzu handles Northern Colorado 64-21