
Richard Arnold leaving role as Manchester United chief executive
Richard Arnold is leaving his role as Manchester United chief executive, the Premier League club has announced. With the club since 2007, he worked as commercial director before becoming group managing director in 2013. The departure of executive vice-chairman Ed Woodward saw him take up the role of chief executive in February 2022, but United have confirmed he is leaving his post. United said in a statement: “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.” Outgoing chief executive Arnold 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.” Read More Virat Kohli hits record century as India post huge score in semi-final Jon Rahm says it is ‘mainly my fault’ that he cannot catch Rory McIlroy in Dubai Man arrested over death of ice hockey player Adam Johnson bailed by police
1970-01-01 08:00

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
1970-01-01 08:00

Chelsea face fresh scrutiny over secret payments made under Roman Abramovich
Chelsea are set to face further scrutiny from the Premier League over reports of payments connected to the club’s former owner Roman Abramovich. The Guardian has reported that Abramovich, a Russian billionaire who owned the club for 19 years until he was sanctioned by the British government last year, used offshore companies to make payments which appear to have been for the club’s benefit. The Premier League is already investigating the club after their new owners became aware of “potentially incomplete financial reporting” linked to the Abramovich era while completing their due diligence as part of the takeover and self-reported the information they discovered to the league and other regulators. The Premier League has not commented on Wednesday’s report, but it is likely it will now look closely at the information reported by the Guardian. A Chelsea spokesperson said: “These allegations pre-date the club’s current ownership. They are based on documents which the club has not been shown and do not relate to any individual who is presently at the club.” Chelsea’s stance under their new owners has been consistent – to examine any allegations of impropriety under the previous ownership as soon as they become aware of them. Abramovich bought Chelsea in 2003 and invested millions as the club enjoyed unprecedented success, including Champions League victories in 2012 and 2021 as well as five Premier League titles. He was forced to sell the club last year after his assets were frozen by the Government following the Russian invasion of Ukraine. The FA has confirmed it is investigating, although it is unclear at this stage whether its investigation relates to the information Chelsea self-reported or the new allegations. Chelsea entered into €10m (£8.7m) settlement with Uefa after also self-reporting the information which came to light during the 2022 takeover to European football’s governing body. PA Read More Ruthless Emma Hayes will fix USA’s ‘arrogance’ and ‘complacency’ How Conor Gallagher navigated ‘crazy’ Chelsea period to target Euro 2024 place Is Real Madrid v Chelsea on TV? Channel, time and how to watch
1970-01-01 08:00

UK Bond Demand Smashes Record as Investors Clamor for Yield
The UK attracted its biggest-ever orderbook for a conventional bond sale on Wednesday as investors look to lock
1970-01-01 08:00

Roundup: Kendall Jenner, Bad Bunny Breakup Rumors; Peter Seidler Dies at 63; 'Welcome to Wrexham' Renewed
Kendall Jenner sparks Bad Bunny breakup rumors, Peter Seidler died at 63, "Welcome to Wrexham" renewed for Season 3 and more in the Roundup.
1970-01-01 08:00

Ukraine charges officials tied to Hunter Biden probe and Russia
Three men who helped Rudy Giuliani investigate the Bidens are accused of working with Russia.
1970-01-01 08:00

Carson Block, Nate Anderson Become SEC Tipsters for Cash Payouts
Wall Street’s cops are finding themselves partnered with an unlikely star witness against misbehaving firms: short sellers. Alongside
1970-01-01 08:00

Deco outlines Barcelona plans for Joao Felix, Joao Cancelo and Ansu Fati
Barcelona sporting director Deco speaks of the chances of Joao Felix and Joao Cancelo joining permanently and whether Ansu Fati will return to the club following his loan spell at Brighton.
1970-01-01 08:00

Marketmind: Inflation on the ropes, shutdown averted
A look at the day ahead in U.S. and global markets from Mike Dolan Relief at the resumption of disinflation
1970-01-01 08:00

UK Midcaps Bask in Biggest Gains Since Vaccine Breakthrough
Beaten down UK midcap stocks are on track for the sharpest two-day advance since November 2020’s Covid-19 vaccine
1970-01-01 08:00

Chelsea set for more Premier League scrutiny over Roman Abramovich era
Chelsea are set to face further scrutiny from the Premier League over reports of payments connected to the club’s former owner Roman Abramovich. The Guardian has reported that Abramovich, a Russian billionaire who owned the club for 19 years until he was sanctioned by the British Government last year, used offshore companies to make payments which appear to have been for the club’s benefit. The Premier League is already investigating the club after their new owners became aware of “potentially incomplete financial reporting” linked to the Abramovich era while completing their due diligence as part of the takeover and self-reported the information they discovered to the league and other regulators. The Premier League has not commented on Wednesday’s report, but it is likely it will now look closely at the information reported by the Guardian. A Chelsea spokesperson said: “These allegations pre-date the club’s current ownership. They are based on documents which the club has not been shown and do not relate to any individual who is presently at the club.” Chelsea’s stance under their new owners has been consistent – to examine any allegations of impropriety under the previous ownership as soon as they become aware of them. Abramovich bought Chelsea in 2003 and invested millions as the club enjoyed unprecedented success, including Champions League victories in 2012 and 2021 as well as five Premier League titles. He was forced to sell the club last year after his assets were frozen by the Government following the Russian invasion of Ukraine. The FA has confirmed it is investigating, although it is unclear at this stage whether its investigation relates to the information Chelsea self-reported or the new allegations reported by the Guardian. Chelsea entered into a 10 million euro (£8.7million) settlement with UEFA after also self-reporting the information which came to light during the 2022 takeover to European football’s governing body. Read More Jon Rahm rules out replacing Rory McIlroy on PGA Tour policy board Andrew Flintoff named head coach of Northern Superchargers Adam Azim sends warning to Franck Petitjean ahead of super-lightweight bout
1970-01-01 08:00

USMNT vs Trinidad & Tobago - Nations League preview: TV channel, live stream, team news & prediction
The Stars and Stripes take on Trinidad & Tobago.
1970-01-01 08:00