Man Utd CEO Richard Arnold resigns as official formally becomes first casualty of Sir Jim Ratcliffe takeover
RICHARD ARNOLD has become the first casualty of Sir Jim Ratcliffe’s takeover after resigning from Manchester United’s board.
The respected chief had already left his role at the Red Devils’ CEO in November.
And he will no longer play any part in the decision making at Old Trafford in the new Ratcliffe and Ineos era.
Arnold formally stepped down from United’s board last week.
An official filing from the club today confirmed his exit, three months after he quit as CEO.
In Arnold’s place, Ineos co-founder John Rees and Ineos sport chairman Rob Nevin have both been added to United’s board.
Ratcliffe and his petrochemicals company saw their £1.6billion takeover confirmed by the Premier League and FA yesterday.
British billionaire Ratcliffe and Ineos now control 27.7 per cent of United.
That will eventually rise to 30 per cent with an additional £238million of funding.
And they have taken charge of all football-related matters.
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