Manchester United
Man United manager Richard Arnold is expected to “leave the club,” with a Juventus player taking his place.
Richard Arnold, the CEO of Manchester United, is said “to leave the club” at the end of the year.
It is anticipated that an official statement will be released later today, just prior to Sir Jim Ratcliffe’s confirmation of the acquisition of a 25% share in the team.
According to reports, the 71-year-old decided to remove Arnold from his CEO role as Man United looked to attract new investors.
Jean-Claude Blanc, the CEO of Juventus and current portfolio manager of INEOS Sport, is already being considered to take Arnold’s post at Old Trafford.
Patrick Stewart, the general attorney for Man United, will be appointed temporary CEO in addition to his current position.
Arnold took over as CEO of Man United in February 2022, replacing Ed Woodward in that capacity.
After a year of ambiguity surrounding the club’s ownership, Arnold’s impending exit will be followed by an announcement on that front anticipated next week.
Ratcliffe is getting closer to acquiring Man United after fending off opposition from Sheikh Jassim, a banker from Qatar, who withdrew his proposal after the Glazers rejected it.
Richard Arnold watching a Manchester United match from the stands.
The American owners of the club are expected to sell a 25% stake to the British billionaire for £1.4 billion.
Arnold is one of the twelve members of the 12-person board that must still approve his minority ownership.
It is anticipated that the agreement will be approved during this month’s international break.
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