Full statement as Richard Arnold leaves Manchester United and Joel Glazer comments

Manchester United have confirmed that Richard Arnold has stepped down from his position as chief executive at Old Trafford.

The Reds will have club General Counsel Patrick Stewart as the interim CEO until the permanent role is filled.

The full statement read: “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.”

Reports state that this decision has come from Sir Jim Ratcliffe, whose 25 per cent investment in the club is set to be announced over the international break.

Joel Glazer commented on the exit, saying: “I would like to thank Richard for his outstanding service to Manchester United over the past 16 years, and wish him all the best for his future endeavours.

“We are fortunate to be able to call on the deep knowledge and experience of Patrick Stewart to provide interim stability and continuity as we embark on a search for a new permanent CEO.”

Meanwhile, Arnold, who will leave at the end of December, was thankful for his 16 years at Old Trafford.

“It has been an incredible privilege to serve this great football club for the past 16 years,” he said. “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.”

Patrick Stewart added: “Together with my leadership team colleagues, my job will be to ensure that the club’s foundations remain stable while we embrace changes that can make us stronger over the long term, on and off the pitch, and to support the search for a new permanent CEO.”