Richard Arnold has resigned from his role as Manchester United director after Sir Jim Ratcliffe completed his partial takeover of the club, with INEOS co-owner John Reece taking a seat on the board.
The British petrolchemicals billionaire officially took control of a 27.7 percent share in the club on Tuesday evening, after the Premier League and the Football Association approved the deal.
Ratcliffe and his company have paid £1.3billion for their stake, which will rise to close to 30 per cent following a further £238m injection into United's coffers.
INEOS have wasted no time in reshuffling the pack at Old Trafford, with Arnold, stepped down as CEO in November, resigning from the board of directors.
Meanwhile, United confirmed in an official filing on Wednesday morning that Reece and INEOS Sport chairman Rob Nevin have both joined the board.
Reece joined Ratcliffe's company in 2000 as a financial director and he was estimated to have a fortune of £9.1bn by the Sunday Times Rich List year.
More to follow
Dinilpru
0
The leadership has been the backbone of all frustrations but now am positive.
Gudiest
1
Antony vs greenwood is like
Hotabosuy
0
The moment he decided not integrate Greenwood back he lost my respect
soplrstyz
0
He has not done well at all for united
Lokabcopru
0
Great
Johailmu
1
Remain the players to be consistent we are progressing. GGMU.
tocabcmor
1
my club is bringing it's lost glory back 💪💥💥✅
pokekorstu
1
I believe United will rise to its glory.We are tired of the current situation at the club.
fimabepty
0
yes this is good news,man united will come back as a great club
dotbmsu
3
Hoping for the best GGMU
fewcilsyz
0
fire all the old dead wood. no performance no salary.
majorsims
0
finally Manchester united is likely to have proper direction
Dreamer1z
5
Finally, Manchester United is heading in the right direction....we are so tired of this mediocre performance on and off the pitch...