The elevation will make Arnold arguably one of the most powerful figures in European football. He will have his hands full at a time when the American Glazer family’s leadership of the club is subject to close scrutiny and fans are hoping for it to return to the very top ranks.
“I would like to thank Ed for his tireless work on behalf of Manchester United during his nine years as executive vice-chairman and 16 years with the club,” executive co-chairperson Joel Glazer said in a statement, without mentioning whether Woodward would continue his ties with the club in some capacity.
Woodward, 50, and Arnold, an accountant by training, have been credited with driving the club”s commercial success and overseeing the signing of several lucrative sponsorship contracts.
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