Manchester United CEO Richard Arnold is set to stand down from his role at the end of the year.
The departure of Arnold comes as Sir Jim Ratcliffe is prepared to confirm a 25% stake in the football club, which will also see him take control of the club’s football operations.
Ineos Sports’ stake in Man United will see an end to the takeover saga that has had a significant impact on the club in recent months. The decision to move forward with the Ratcliffe bid ended the pursuit of the Qatari Royal Family, which was anticipated to change the club’s fortunes by many fans.
It is believed that Patrick Stewart will be the interim CEO whilst the club’s new governance seeks to find the most appropriate long-term solution.
On the field, the club have endured a tough start to the campaign, sitting in sixth place in the Premier League and only winning once in four outings in the UEFA Champions League.