Free Trial

Man United raids rival Man City to hire Omar Berrada as new CEO

MANCHESTER, England (AP) — Manchester United announced Omar Berrada as its new CEO on Saturday night after raiding rival Manchester City in a dramatic statement of intent.

Man United had been looking for a successor to Richard Arnold, who left the club in November, and Berrada appears to fit the bill following his success both on and off the field with City Football Group.

Berrada has been at Man City for nearly a decade, most recently as the chief football operations officer.

Britain's PA news agency said it understands that United owners Joel and Avram Glazer appointed Berrada in consultation with Jim Ratcliffe, whose Ineos firm has agreed a deal to buy up to a 25% stake in the Premier League club.

Berrada’s start date with his new club will be revealed in due course by United, who confirmed Patrick Stewart will continue as interim chief executive for the time being.

“Manchester United is pleased to announce the appointment of Omar Berrada as its new CEO. The club is determined to put football and performance on the pitch back at the heart of everything we do," United said in a statement. “Omar’s appointment represents the first step on this journey.”

The statement on X, formerly Twitter, added: “He is currently serving as chief football operations officer for City Football Group overseeing 11 clubs across five continents and, prior to this, held senior roles at Barcelona.

“It is our stated ambition to re-establish Manchester United as a title-winning club."

___

AP soccer: https://apnews.com/hub/Soccer

→ This company will win the AI race (From Porter & Company) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Unusual Rally: Gold and Dollar Rise Simultaneously
Palo Alto Networks Gains Momentum: What’s Next for This Cybersecurity Giant?
Tesla Stock Rockets 15% Post-Earnings

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines