{"id":100902,"date":"2023-11-15T20:33:22","date_gmt":"2023-11-15T20:33:22","guid":{"rendered":"https:\/\/celebritycovernews.com\/?p=100902"},"modified":"2023-11-15T20:33:22","modified_gmt":"2023-11-15T20:33:22","slug":"man-united-chief-richard-arnold-to-leave-by-the-end-of-the-year","status":"publish","type":"post","link":"https:\/\/celebritycovernews.com\/sport\/man-united-chief-richard-arnold-to-leave-by-the-end-of-the-year\/","title":{"rendered":"Man United chief Richard Arnold &apos;to leave by the end of the year&apos;"},"content":{"rendered":"<h1>Man United&#8217;s CEO Richard Arnold will LEAVE the club next month, following Sir Jim Ratcliffe&#8217;s \u00a31.3bn investment, as Patrick Stewart (no, not that one&#8230;) takes the job on interim basis<\/h1>\n<ul>\n<li><span>Arnold&#8217;s departure comes ahead of Sir Jim Ratcliffe buying a 25 per cent stake<\/span><\/li>\n<li><span>The Man United chief executive has faced increasing pressure in recent months<\/span><\/li>\n<li><span>What\u2019s the story with Raheem Sterling? Listen to It&#8217;s All Kicking Off<\/span><\/li>\n<\/ul>\n<p>Manchester United chief executive Richard Arnold is reportedly set to leave the club by the end of the year.<\/p>\n<p>According to Sky, an announcement will be made on Arnold&#8217;s future later on Wednesday.<\/p>\n<p>His departure comes as Manchester United prepare to confirm\u00a0<span>Sir Jim Ratcliffe&#8217;s Ineos Sport buying a 25 per cent stake in the club for \u00a31.3 billion.<\/span><\/p>\n<p><span>Patrick Stewart, Manchester United&#8217;s general counsel, will reportedly be named as the club&#8217;s interim chief executive following Arnold&#8217;s departure.<\/span><\/p>\n<p><span>Arnold has been Manchester United&#8217;s CEO since February 2022, succeeding Ed Woodward in the role.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/15\/10\/77824031-12752013-image-a-56_1700044163796.jpg\" height=\"422\" width=\"634\"><\/p>\n<p>Man United chief executive Richard Arnold is expected to leave the club next month<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/15\/10\/76610043-12752013-United_s_general_counsel_Patrick_Stewart_left_pictured_at_a_wome-a-57_1700044847140.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>United&#8217;s general counsel Patrick Stewart (left) will become Man United&#8217;s interim CEO<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/15\/10\/77825041-12752013-image-a-68_1700045851910.jpg\" height=\"413\" width=\"634\"><\/p>\n<p>Arnold&#8217;s expected departure comes with\u00a0Sir Jim Ratcliffe poised to secure a 25 per cent stake<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Arnold has been employed by Manchester United since 2007 and has enjoyed lots of success on the commercial side.<\/p>\n<p>Reports emerged last month that Arnold was expected to depart should\u00a0Sir Jim Ratcliffe be successful in landing a 25 per cent minority stake.<\/p>\n<p>Man United had described last month&#8217;s reports as &#8216;speculation&#8217;.<\/p>\n<p>Arnold is one of the 12-person board who will have to ratify Ratcliffe&#8217;s minority stake in the club.<\/p>\n<p>No documents have been signed yet as Ratcliffe\u2019s closes in on the \u00a31.3billion deal for a 25 per cent stake in the Premier League giants.<\/p>\n<p>Those with knowledge of the situation say there is a chance the agreement could be announced this week, but next week is more likely.<\/p>\n<p>Stewart, who shares the name of the famous Star Trek actor, is expected to take on the interim chief executive position in addition to his existing roles as the club&#8217;s general counsel.<\/p>\n<p>Stewart has been with Man United since 2006, where he has been responsible for managing the Company&#8217;s legal and regulatory affairs as well as its relationships with football stakeholders.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/15\/10\/77825103-12752013-image-a-69_1700045934597.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Arnold has served as Man United&#8217;s CEO since replacing Ed Woodward back in February 2022<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/15\/11\/77825153-12752013-image-a-70_1700046009562.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Arnold was heavily criticised for handling of Mason Greenwood&#8217;s future at the club before a decision was eventually taken for the striker to leave the Man United on loan<\/p>\n<p>He has been an arbitrator at the Court of Arbitration for Sport in Switzerland since 2018 having been nominated by the influential European Club Association.<\/p>\n<p>Before joining United, Stewart worked at TEAM Marketing, who sold the commercial rights to the Champions League.<\/p>\n<p>Stewart was appointed to Man United&#8217;s board at the\u00a0end of 2022.<\/p>\n<p>The Glazer family had announced last November that they were exploring new investment into the club and a potential sale as part of &#8216;strategic alternatives for the club&#8217;.<\/p>\n<p>Stewart has reportedly taken a leading role in recent weeks regarding the sale of the stake to Ratcliffe, who saw off the challenge of takeover rival\u00a0Sheikh Jassim following a lengthy process.<\/p>\n<p>The departure of Arnold comes after the chief executive came under mounting pressure over his handling of Mason Greenwood&#8217;s future at the club.<\/p>\n<p>Greenwood was sent on loan to Spanish club Getafe with the club deciding not to reintegrate him into the squad following a six-month investigation after charges of attempted rape and assault were dropped by police.<\/p>\n<p>Arnold had the final decision over Greenwood&#8217;s future, with reports in August claiming he told\u00a0senior staff a fortnight ago that the striker would be coming back following a six-month internal investigation.<\/p>\n<p>The report claimed Arnold intended to record and share a video explaining Greenwood&#8217;s reintegration to staff and the general public.<\/p>\n<p>Arnold was reportedly grilled in an all-staff meeting in September, where he defended Man United&#8217;s process of suspending Greenwood and their eventual decision.<\/p>\n<p>The Man United chief executive reportedly insisted the decision was only made after the club&#8217;s full investigation was completed.<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12752013\/Manchester-United-chief-executive-Richard-Arnold-leave-Sir-Jim-Ratcliffes-stake-confirmed.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Man United&#8217;s CEO Richard Arnold will LEAVE the club next month, following Sir Jim Ratcliffe&#8217;s \u00a31.3bn investment, as Patrick Stewart<\/p>\n","protected":false},"author":2,"featured_media":100901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Man United chief Richard 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