Man Utd CEO steps down

City A.M. Reporter
FORMER JP Morgan banker Ed Woodward will take control of Manchester United this summer, replacing long-serving chief executive David Gill.

Woodward helped the Glazer family with their purchase of the club in a £790m leveraged takeover in 2005 before joining the club shortly afterwards.

Gill piloted the club through a difficult period which saw regular fan protests against the Glazers. He also oversaw the football club’s successful float on the New York Stock Exchange last year. Shares in the club closed down one per cent.