Arnold steps down as Man Utd CEO as Ratcliffe gets ready for long ride in

November 15 – Richard Arnold has stepped down from his role as chief executive of Manchester United just as British billionaire Jim Ratcliffe is reportedly on the verge of buying a 25% stake in the storied club.

General counsel and board director Patrick Stewart, who has been with United for over 17 years, will be become interim CEO, allowing the club’s future owners to take time to identify a new long-term CEO.

Qatari banker Sheikh Jassim bin Hamad Al Thani withdrew his bid to buy the club in October, paving the way for Ratcliffe, who owns petrochemicals giant INEOS, to purchase a minority stake and ease a period of instability and uncertainty on and off the field.

“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,” said the club’s co-owner and executive co-chairman Joel Glazer.

Arnold, who became CEO in February 2022, will offer “transitional support” until the end of December, United said.

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

Stewart said that “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.”

Contact the writer of this story at moc.l1700136372labto1700136372ofdlr1700136372owedi1700[email protected]

Source link :

Author : Paul Nicholson

Publish date : 2023-11-16 12:05:16

Copyright for syndicated content belongs to the linked Source.

Arnold steps down as Man Utd CEO as Ratcliffe gets ready for long ride in-   -/- Guerre Israël/Hamas : l’UE va ouvrir un couloir aérien humanitaire vers Gaza par l’Égypte   Qui sont ces jeunes qui vont se faire vacciner contre le Covid-19 ?   Soil removal from Ohio train derailment site is nearly done, but cleanup isn’t over   HATCHMATIC Folk Guitare Folk épaissie en guitare électrique basse # 20: E   BMW and Mercedes-Benz Establish A Joint Venture in China to Build A Supercharging Network   -*- US charges both sides in Sudan with war crimes, and one with ethnic cleansing   PIAA title 3-peat bid, diving format reversal and more to watch for in District 10 swimming   France on ‘High’ Alert for Bird Flu After New Cases Detected   Tamiya – 14074 – Maquette – Yamaha YZF-R1 Taira – Echelle 1:12   Femmes Dentelle Plateforme Sport Chaussures été Paresseux Talon Compensé Chaussures de Course Sneaker Décontractées…   Eastpak – Padded Dok’R – Sac à dos – Black   Happy Garden Parasol Chauffant au gaz Stockholm 13kW en Acier Noir + Housse de Protection   Intégrale des Quatuors a Cordes   Arnold steps down as Man Utd CEO as Ratcliffe gets ready for long ride in *Arnold steps down as Man Utd CEO as Ratcliffe gets ready for long ride in