Manchester United are close to appointing Richard Arnold as Ed Woodward’s
successor, The Premier League giants announced in April that the club’s executive
vice-chairman would leave his role before the end of the year following the fallout
from United’s attempt to join the European Super League.
Woodward has continued to play a key role behind the scenes despite his looming
departure and was an integral part of the club’s move to bring Cristiano Ronaldo back
to Old Trafford
The announcement could be made as soon as next month Arnold, currently
Manchester United’s group managing director is reported to have been vying with at
least two other United executives for the job – one of the most powerful positions in
Many United supporters have been mistrustful of the Glazers since their £790m debt-
funded takeover of the club in 2005.
Since the ESL fiasco, the Glazers have pledged to introduce an element of fan
ownership at the club through a new share scheme.
“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, United’s co-chairman, said in June.
“Discussions will now intensify, with the aim of agreeing on a plan before the start
of the new season.”
That deadline was not met, although an insider said there were now “advanced
discussions” about the introduction of such a scheme.
Glazer had previously issued a contrite apology for United’s decision to join the ESL,
which has cost it – and the other founding clubs – millions of pounds in fines from
the Premier League and UEFA.
“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,” Mr. Glazer said.
“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.”
A former executive at InterVoice, a Nasdaq-listed technology company, Arnold was
previously United’s commercial director with Woodward being with the club since