Manchester United Football Club has officially announced the departure of its CEO, Richard Arnold, who has served in the role for the past 16 years. The exit is set to take effect at the end of the year 2023.
Richard Arnold will immediately relinquish operational control of the club and will be temporarily succeeded by Patrick Stewart, who will concurrently maintain his position as general counsel. This decision is said to have been made in anticipation of the imminent arrival of Sir Jim Ratcliffe in the coming days.
The confirmation of this development was posted on Manchester United’s official website on Wednesday, November 15, 2023.
The announcement on the website stated, “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.”
Arnold expressed gratitude to everyone who supported him during his tenure at Manchester United since 2007 and extended well wishes to all associated with the club in the future.
He stated, “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.”
There are indications that Sir Jim will assume immediate control of football matters at the club, working alongside Ineos Sports colleagues, including Sir Dave Brailsford.