Manchester United have confirmed the exit of chief executive Richard Arnold.
Following 16 years of service at Old Trafford, the club has now confirmed the CEO’s exit as well as the appointment of club counsel Patrick Stewart, who will serve as interim chief executive until the club finds a full-time replacement.
The club’s 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.”
Co-chairman Joel Glazer led the club’s thanks to Arnold. He said: “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.” Glazer added.
Arnold spent less than two years as CEO at United, taking over from Edward Woodward in 2021 having served several roles including MD previously. 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.”
The shakeup comes ahead of an anticipated confirmation of Jim Ratcliffe’s Ineos Group finalising a deal to secure a 25 per cent stake in the Reds. Sky News reported this morning that confirmation could come this afternoon, UK time, following the opening of the NYSE, where the club is listed.