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Manchester United CEO Richard Arnold steps down as Ineos era nears
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 20:40
Israel stages new sortie into Gaza, hints there may be several 'invasions'
Israel stages new sortie into Gaza, hints there may be several 'invasions'
By Nidal al-Mughrabi and Henriette Chacar GAZA/JERUSALEM Israel said its ground forces had pushed into Gaza overnight to
2023-10-26 17:50
Cocaine found at White House: Cameras, visitor logs searched by Secret Service
Cocaine found at White House: Cameras, visitor logs searched by Secret Service
By Jeff Mason and Steve Holland WASHINGTON (Reuters) -Cocaine discovered in the White House on Sunday was found in a
2023-07-06 03:46
Dominik Mysterio praises Logan Paul in shoutout tweet, Internet says 'future Tag Team Champions'
Dominik Mysterio praises Logan Paul in shoutout tweet, Internet says 'future Tag Team Champions'
Dominik Mysterio praised Logan Paul on social media with a three-word message
2023-11-12 13:27
Bitcoin Offshoot Has More Than Doubled Over The Last Week
Bitcoin Offshoot Has More Than Doubled Over The Last Week
Bitcoin Cash, one of the early offshoots of the original digital currency, has more than doubled in value
2023-06-27 05:08
Supreme Court limits LGBTQ protections
Supreme Court limits LGBTQ protections
The Supreme Court Friday ruled in favor of a Christian web designer in Colorado who refuses to create websites to celebrate same-sex weddings out of religious objections.
2023-06-30 22:15
Quants With $23 Trillion See AI Takeover Even as They Hold Back
Quants With $23 Trillion See AI Takeover Even as They Hold Back
The financial world’s computer-loving crowd is preparing for the dawn of a new AI-powered era — but that
2023-10-30 15:30
Trump Loses Immunity Fight in Appeal Over Jan. 6 Civil Lawsuits
Trump Loses Immunity Fight in Appeal Over Jan. 6 Civil Lawsuits
Former President Donald Trump isn’t currently entitled to absolute immunity against civil lawsuits seeking to hold him responsible
2023-12-01 23:17
Rickie Fowler's wild ride gives him a 1-shot lead in the US Open
Rickie Fowler's wild ride gives him a 1-shot lead in the US Open
Rickie Fowler's wild ride in the U.S. Open concluded with him sharing the 36-hole scoring record and taking a one-shot lead into the weekend
2023-06-17 12:26
United CEO Apologizes for Flying Private While Customers Were Stranded
United CEO Apologizes for Flying Private While Customers Were Stranded
United Airlines Holdings Inc. canceled 751 flights on Wednesday, more than any other airline, and its hub airport
2023-07-01 10:42
Astros fans let Adolis Garcia hear it during first at-bat of Game 6
Astros fans let Adolis Garcia hear it during first at-bat of Game 6
Houston Astros fans greeted Texas Rangers outfielder Adolis Garcia with boos during Game 6 of the ALCS after the benches-clearing incident on Friday.
2023-10-23 09:24
Brookfield to Buy Network International for £2.2 Billion
Brookfield to Buy Network International for £2.2 Billion
Brookfield Asset Management Ltd. has agreed to acquire London—listed Network International Holdings Plc for about £2.2 billion ($2.8
2023-06-09 15:52