Richard Arnold (executive)

Richard Arnold (born 26 April 1971) is a British accountant who is the chief executive officer of Manchester United. He succeeded Ed Woodward in this role on 1 February 2022.[1][2]

Richard Arnold
Born (1971-04-26) 26 April 1971 (age 51)
NationalityBritish
Alma materUniversity of Bristol
Bachelor of Science in Biology (1993)
Chartered Accountant (1996)
OccupationAccountant
Employers
Title

EducationEdit

Arnold was educated at King's School, Chester and the University of Bristol in the United Kingdom, earning a Bachelor of Science in Biology in 1993. He qualified as a Chartered Accountant in 1996.[3] He currently serves as a Governor of King's School, Chester.[4]

CareerEdit

Arnold joined PricewaterhouseCoopers (PwC) in 1993, working as a senior manager in telecommunications and media. While at PwC, he worked on the privatisation of Saudi Telecom Company (STC) and was involved in the successful initial public offering (IPO) of Orange Telecommunications in the UK.[5]

After six years at PwC, Arnold joined Global Crossing Europe Ltd., a global telecommunications company, and assisted them with their restructuring of the business between 1999 and 2002.[3]

Arnold was appointed Deputy Managing Director of InterVoice Ltd. in 2002, with responsibility for the international channel sales and marketing division of the technology company (InterVoice Inc.), listed on the NASDAQ stock exchange.[5]

In 2007, Arnold joined Manchester United as group commercial director. He was promoted group managing director and director of Manchester United PLC on 1 July 2013, assuming control of the club's business operations, after Chief Executive David Gill was replaced by Executive Vice-Chairman Ed Woodward.[6] Arnold sits on the board of Manchester United Television (MUTV) and Manchester United Merchandising Limited. During his time at the club, he has been instrumental in growing the global appeal of the Manchester United brand, opening commercial offices in Mayfair (London), New York City and Hong Kong.[7][8] Arnold has overseen the signing of a number of lucrative sponsorship contracts, including a world record seven-year US$600 million kit sponsorship deal with General Motors/Chevrolet (2014), and a $1.3 billion sports equipment deal with Adidas over 10 years (2015), the most valuable in sporting history at the time.[9][10]

Arnold was nominated as a finalist by the Institute of Directors (IoD) for the Young Director of the Year in 2004 and 2005 for his work at InterVoice. In 2011, he was nominated for the SportBusiness International Magazine's Sports Innovator of the Year, for his commercial achievements with Manchester United.[11]

ReferencesEdit

  1. ^ "Richard Arnold biography". ManUtd.com (Manchester United FC). Archived from the original on 15 July 2014.
  2. ^ "Ed Woodward will leave Manchester United in April with Richard Arnold becoming new chief executive from February 1". Sky Sports.
  3. ^ a b "Manchester United PLC: Richard Arnold". Reuters. Retrieved 11 July 2014.
  4. ^ "Staff & Governors". June 2016.
  5. ^ a b "Richard Arnold: Executive Profile & Biography". Bloomberg Businessweek. Retrieved 11 July 2014.
  6. ^ "Ed Woodward assumes responsibilities at MU". ManUtd.com (Manchester United FC). Retrieved 12 July 2014.
  7. ^ Ruddick, Graham (8 February 2011). "Manchester United moves commercial operations to Mayfair". The Daily Telegraph. Retrieved 12 July 2014.
  8. ^ "Manchester United will open US east coast office to grow global appeal". The Guardian Newspaper. 23 October 2012. Retrieved 12 July 2014.
  9. ^ Ogden, Mark (28 January 2014). "Manchester United put their shirt on new £65 million world-record deal". The Telegraph. Retrieved 12 July 2014.
  10. ^ "Manchester United secures $1.28 billion adidas kit deal". FoxSports. 14 July 2014. Retrieved 14 July 2014.
  11. ^ "Insider: Richard Arnold". Macroaxis. Retrieved 12 July 2014.