Manchester United’s govt vice-chairman Ed Woodward to depart membership at finish of 2021
Ed Woodward is believed to have been one of many prime movers behind controversial proposals for a European Tremendous League.
Ed Woodward is to step down as Manchester United’s govt vice-chairman on the finish of this 12 months, the Premier League membership introduced on Tuesday.
The 49-year-old former funding banker is believed to have been one of many prime movers behind controversial proposals for a European Tremendous League.
JP Morgan, the financial institution he labored for when he suggested the Glazers over their buy of Manchester United in 2005, are financing the challenge.
“I’m extraordinarily proud to have served United and it has been an honour to work for the world’s best soccer membership for the previous 16 years,” he mentioned in a press release.
“The membership is nicely positioned for the longer term and it is going to be tough to stroll away on the finish of the 12 months.”
Woodward has been govt vice-chairman at Outdated Trafford since 2012. He took over the obligations of departing chief govt David Gill the next 12 months and proved an unpopular determine with followers.
Beneath his tenure the membership spent greater than a billion kilos ($1.4 billion) however haven’t received the Premier League or Champions League since Alex Ferguson retired in 2013.
“I’ll treasure the reminiscences from my time at Outdated Trafford, throughout a interval once we received the Europa League, the FA Cup and the League Cup,” mentioned Woodward.
“We have now invested greater than £1 billion within the squad throughout my time right here and I’m notably delighted with the progress the gamers have made beneath the astute management of Ole Gunnar Solskjaer and his teaching workforce within the final two years.”
In a press release confirming Woodward’s departure, United co-chairman Joel Glazer mentioned: “Ed Woodward has served the membership with nice distinction. On behalf of everybody at United I want to place on report our honest thanks for his tireless work and dedication.”
Woodward made no point out of the Tremendous League in his feedback and it’s reported that his exit is unrelated to the controversial plans.
Manchester Metropolis, one of many 12 golf equipment to initially signal as much as the proposed European Tremendous League, introduced they had been withdrawing late on Tuesday, with Chelsea set to comply with, leaving the challenge getting ready to collapse.
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