Manchester United is reportedly close to naming Richard Arnold as their new chief executive replacing Ed Woodward. The official announcement could come next month with a renewed optimism at the club following the signing of Cristiano Ronaldo. It has been clear that Arnold has been eying one of the most powerful positions in British sport along with two other executives. The club announced that Woodward would be stepping down from his position after the European Super League crisis in April. Woodward joined Manchester United in 2005. Arnold was an executive for InterVoice before taking over as the commercial director at Manchester United.
“The club has been in discussions with MUST [the Manchester United Supporters Trust] regarding a fan share scheme for a number of months and has already sought external legal advice on options,” Joel Glazer, Manchester United’s co-chairman, said in June of this year. “Discussions will now intensify, with the aim of agreeing on a plan before the start of the new season.”
“We continue to believe that European football needs to become more sustainable throughout the pyramid for the long-term. However, we fully accept that the Super League was not the right way to go about it,” Manchester United said on the appointment of Richard Arnold. “In seeking to create a more stable foundation for the game, we failed to show enough respect for its deep-rooted traditions – promotion, relegation, the pyramid – and for that we are sorry.”