Manchester United CEO and CFO to Step Down by End of Season

feroz khan feroz khan | 05-01 16:02

Manchester United announced more changes to its executive structure on Tuesday as the new era under co-owner Jim Ratcliffe continues to take shape.

Interim CEO Patrick Stewart and chief financial officer Cliff Baty will step down at the end of the season by mutual consent, the club said.

Jean-Claude Blanc, CEO of Ratcliffe’s INEOS Sport, will take over as chief executive until former Manchester City executive Omar Berrada takes on the role on July 13.

Also Read: Complete List of T20 World Cup 2024 Squads

Baty will be replaced by former INEOS Sport chief financial officer Roger Bell.

“I would like to personally thank both Patrick and Cliff for their support in helping us get to know the club and making us feel welcome and I respect their decisions to now move on as we establish a new management team for the club,” said Ratcliffe, who is one of Britain’s richest people.

The billionaire owner of petrochemicals giant INEOS bought a 25% stake in United in February, and his investment has already seen a host of major changes at the storied club.

Former CEO Richard Arnold stepped down in November and football director John Murtough left earlier this month.

Ratcliffe’s investment, which will eventually rise to a 27.7% stake, has seen him assume control of United’s football operations.

INEOS director of sport Dave Brailsford and Blanc have joined the board of the football club.

As well as the appointment of Berrada, former City academy director Jason Wilcox has been hired as technical director. Newcastle sporting director Dan Ashworth is another target.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed - Associated Press)
About the Author
Feroz Khan
Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journ...Read More

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Sky-high shopping: South Korea unveils ‘flying cart’ drone for transporting goods over any terrain

SEOUL, Oct 23 — South Korean researchers have developed a transport drone flying on multiple flexibl...

tech | 1 hour ago

Africa’s best-kept secret: Mozambique rolls out 100pc homegrown premium cigars for the global market

MAPUTO (Mozambique), Oct 23 — In a small neon-lit factory in Maputo, a dozen workers are hand-rollin...

life | 1 hour ago

In South Africa, dry taps are the new reality as water crisis deepens

JOHANNESBURG, Oct 23 — Joyce Lakela runs a nursery in Tembisa, a Johannesburg township, but these da...

world | 1 hour ago

From horror to hope: Rwanda’s genocide survivors rebuild lives 30 years on

PARIS, Oct 23 — Jeanne Allaire Kayigirwa was sure she was going to die three times during the Rwanda...

world | 1 hour ago

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 9 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 9 hours ago