Manchester United have just announced a high-profile departure amid news Sir Jim Ratcliffe is set to buy a 25% stake in the club.
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In a statement released on Wednesday, the Red Devils said current CEO Richard Arnold will part ways with the 20-time English champions.
"Richard Arnold has decided to step down as Chief Executive of Manchester United after 16 years with the club," it read.
"Patrick Stewart will take over as interim CEO, in addition to his existing role as General Counsel, with Richard continuing to provide transitional support until the end of December. A search process will be carried out for a new permanent CEO."
Speaking to the club's website, Arnold said: "It has been an incredible privilege to serve this great football club for the past 16 years. Through highs and lows, the constant has been the dedication of our employees and fans. I would like to thank all of them for their loyalty and commitment, and wish everyone associated with the club the very best for the future."
This comes amid rumours British billionaire Ratcliffe is close to being confirmed as a new co-owner of the Manchester giants.
The INEOS CEO is expected to initially acquire a quarter of the Red Devils with a view of becoming the majority stakeholder at a later stage.
While Arnold has enjoyed some success the various positions he has held at Old Trafford, he was considered very much a "Glazers man".
The 52-year-old received widespread criticism for his handling of the Mason Greenwood saga at the start of the campaign, after reports claimed he looked to reintroduce the one-time England international to the first team.
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Arnold then decided against allowing Greenwood to play for United again after backlash from fans online, but his initial intention was said to have led to a lack of trust in him from colleagues and club staff.
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