Having dedicated 16 years in various capacities at Manchester United, Richard Arnold’s tenure as chief executive is nearing its end, sources at Sport News Center have revealed.
Arnold, who assumed the role of United’s top executive in February 2022, succeeding Ed Woodward, is reportedly on the verge of an exit. This development coincides with the Ineos Group, led by Sir Jim Ratcliffe, nearing the completion of its acquisition of a 25% stake in the renowned Premier League club.
The transaction, with an expected value of around £1.25 billion, is anticipated to receive approval during the November international break, possibly culminating as soon as this week.
Arnold’s journey with United began in August 2007, later rising to the position of managing director in 2013 before stepping into Woodward’s shoes.
Under his leadership, Erik ten Hag was appointed as the team’s manager in 2022. Ten Hag notably secured the club’s first trophy in six years by clinching the Carabao Cup in his inaugural season this past March.
Despite this success, the 2023-24 season has proven challenging for United, with the team suffering nine defeats in their first 18 matches across all competitions.
Stay tuned for further updates.
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Frequently Asked Questions (FAQs) about Richard Arnold Manchester United
Who is Richard Arnold and why is he leaving Manchester United?
Richard Arnold, who has been with Manchester United for 16 years and served as the chief executive since February 2022, is reportedly set to leave the club. This decision coincides with the Ineos Group’s planned acquisition of a 25% stake in the club.
What is the Ineos Group’s involvement with Manchester United?
The Ineos Group, led by Sir Jim Ratcliffe, is finalizing the purchase of a 25% stake in Manchester United. The deal, valued at approximately £1.25 billion, is expected to be completed during the November international break.
Who succeeded Ed Woodward at Manchester United?
Richard Arnold succeeded Ed Woodward as Manchester United’s most senior executive in February 2022.
What achievements did Manchester United have under Richard Arnold?
Under Richard Arnold’s leadership, Manchester United appointed Erik ten Hag as manager in 2022, who went on to win the Carabao Cup in his first season, marking the club’s first trophy in six years.
How has Manchester United performed in the 2023-24 season?
Manchester United had a disappointing start to the 2023-24 season, losing nine of their first 18 games in all competitions.
More about Richard Arnold Manchester United
- Manchester United Official Website
- Sport News Center
- Premier League Official Site
- Ineos Group
- Manchester United Financial News
- Erik ten Hag’s Coaching Profile
- Carabao Cup Official Website
- Manchester United Season Review 2023-24
5 comments
so who’s gonna take over after Arnold? And how’s this gonna affect the transfer window, any ideas?
not sure if Arnold leaving is good or bad, the team’s performance hasn’t been great, but he did bring in Ten Hag who seems promising
can’t believe Arnold is leaving already, feels like just yesterday he took over from Woodward… what’s happening at our club?
Honestly, this season’s been a rollercoaster, losing 9 out of 18, that’s just not good enough for a club like ours
Arnold’s exit is huge news, but that Ineos deal is what I’m really curious about. £1.25bn is no small change, right?