In the announcement, MU also said that Mr. Patrick Stewart - the club's general advisor, will be appointed as interim CEO. According to Sky (UK): "The ongoing changes at the top of MU are in preparation for the takeover by British billionaire Sir Jim Ratcliffe, who spent 1.3 billion pounds to buy 25% of the club's shares, is about to complete and control all football activities".

Mr. Richard Arnold has worked at MU for 16 years, helping the team achieve many commercial successes with very high-value sponsorship contracts. From February 2022, he will replace Mr. Ed Woodward as CEO of MU.

In the context of MU Club facing a crisis because the American owners, the Glazer family, were strongly opposed by fans, Mr. Richard Arnold skillfully steered the team through many difficulties under coach Erik ten Hag, the most notable achievement of which was winning the League Cup last season.

However, at the beginning of the 2023-2024 season, Mr. Richard Arnold was criticized for his poor handling of the case of striker Mason Greenwood, before pushing this player to Getafe Club in La Liga (Spain) on loan.

"In addition to changing the positions at the top of MU Club, including bringing his team to run the team in the near future, Sir Jim Ratcliffe will also tighten MU's transfer activities, including selling many redundant players and using the cost to provide coach Erik ten Hag to buy players in the winter transfer window. Sir Jim Ratcliffe will also spend about 245 million pounds to overhaul MU Club's old infrastructure, in addition to about 1.3 billion pounds that he spent to buy 25% of shares," Sky channel said.