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

feroz khan feroz khan | 05-01 16:11

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

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...