Manchester United CEO Ed Woodward has finally stepped down, according to press reports Thursday night.
Ed Woodward's exit from United will become effective on February 1, when Richard Arnold takes over as chief executive.
According to the newspaper, "The Sun", the Glazer family, which owns United, wanted Ed Woodward to continue, but the latter decided to leave and resign.
Ed Woodward helped the Glaze family take over Manchester United in 2005, but he has not been popular with fans of the venerable team since taking over in 2013, succeeding David Gill.
Ed Woodward helped Manchester United appoint competent coaches such as Louis van Gaal and Jose Mourinho, but the team has not been able to win the English Premier League title, since Sir Alex Ferguson retired in 2013.
A lot of Ed Woodward's decisions have been disappointed by the United fans recently, especially with regard to the continuation of former coach Ole Gunnar Solskjaer, before he finally made the decision to leave.
Richard Arnold has been based in Manchester since 2007 and has been Group Managing Director since 2013.
"I am honored to have the opportunity to serve this great club and its fans, and I am determined to return the favor in any way I can," Arnold said.