Manchester United CEO Steps Down Amid Ownership Transition

Petrochemicals billionaire Sir Jim Ratcliffe acquires 25% stake as Patrick Stewart steps in as interim CEO.

Manchester United's chief executive, Richard Arnold, is stepping down as part of a management transition, with the club's general counsel, Patrick Stewart, taking over on an interim basis.
The change comes as the club's owners finalize the sale of a minority stake to petrochemicals billionaire Sir Jim Ratcliffe.
Ratcliffe's Ineos Sports is reportedly acquiring a 25% stake in the club, with Ratcliffe committing $300m from his fortune to overhaul United's ageing infrastructure.
Stewart, who has been with United since 2006, is described as a level-headed influence and is expected to provide stability during the transition.
Despite the change in management and ownership, the Glazer family, who bought the club in 2005, are expected to maintain control.