Arnold's departure comes at a time when American owners the Glazers are seeking new investment and British billionaire
“I would like to thank Richard for his outstanding service to
Arnold, who became CEO in
The club added that it will search for a new permanent CEO.
“Together with my leadership team colleagues, my job will be to ensure that the club’s foundations remain stable while we embrace changes that can make us stronger over the long term, on and off the pitch, and to support the search for a new permanent CEO,” Stewart said.
The Glazers announced plans in November to seek new investment and instructed US merchant bank Raine to oversee the process, which included the potential of a full sale.
Qatari banker Sheikh
Ratcliffe also wants to run soccer operations for a club that has endured a period of decline since the retirement of former manager
Arnold stepped up to CEO after the departure of former executive vice chairman
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