Manchester United announced the departure of Richard Arnold from his position as chief executive, marking the end of his remarkable 16-year journey with the club.
Arnold joined United in 2007, initially serving as commercial director before assuming the role of group managing director in 2013. His ascension to the chief executive position followed the departure of former executive vice-chairman Ed Woodward in February 2022.
In a statement released by the club, it was confirmed, “Richard Arnold has decided to step down as chief executive of Manchester United after 16 years with the club.”
Patrick Stewart, currently serving as general counsel, will take over as interim CEO alongside his existing responsibilities. Arnold will continue to offer transitional support until the end of December, after which a search process will commence for a new permanent CEO. Follow your favourite Premier League team with attractive football betting odds from Nextbet.
Expressing his gratitude and reflecting on his tenure, Arnold stated, “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.”
He extended his thanks to everyone associated with the club and conveyed his best wishes for their future endeavors.
Joel Glazer, United’s executive co-chairman, lauded Arnold’s contributions, saying, “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 endeavors.” He expressed confidence in Patrick Stewart’s ability to ensure interim stability and continuity as the club commences the search for a new permanent CEO.
Arnold’s departure aligns with significant developments within the club, notably Sir Jim Ratcliffe’s potential move towards becoming a minority shareholder at United. Ratcliffe’s Ineos group is anticipated to secure a 25% stake in the club for around £1.25bn, potentially acquiring substantial control over footballing operations.
This shift in leadership at Manchester United comes amidst a period of change and transition, with the departure of a longstanding figurehead and the impending entry of a new minority shareholder poised to bring alterations in the club’s operations and future trajectory. Get the latest updates from the Premier League only on Nextbet Sports.