Former Manchester United chief executive Richard Arnold has been confirmed as the new non-executive chairman of Teneo’s Financial Advisory Sports Practice.
The global consultancy firm announced that Arnold, 57, will work across its sports, media and entertainment clients, which include World Rugby, Castore and the Ambani family’s Reliance Industries, as reported by .
"As we continue to build Teneo’s global sports, media and entertainment sector capabilities, we are delighted to welcome Richard Arnold to the firm," said Paul Keary, CEO of Teneo.
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"Richard is one of the most highly respected names in sports and brings significant expertise and experience to our clients."
"Given the record levels of investment in the sports, media and entertainment industry, we have significant ambitions to further expand Teneo’s capabilities in this space."
Arnold spent 16 years at Old Trafford, primarily as chief commercial officer but later as chief executive, before stepping aside ahead of Sir Jim Ratcliffe’s investment in late 2023.
The former PwC accountant, 54, is credited with helping to make Manchester United the world’s most commercially successful football club. His role at Teneo, majority owned by CVC Capital Partners, will see him advise on critical events, fundraising, and strategic and operational improvement opportunities in sport.
"I am excited by the opportunity to work with Teneo," Arnold stated.
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"The world of sports, media and entertainment is one of the most dynamic and fast-growing industries, and Teneo’s unique integrated business model advising clients across reputational, strategic and financial matters provides unrivalled counsel to businesses navigating the challenges and opportunities they face. "
"I look forward to working with my new Teneo colleagues around the world."
Arnold was among several senior figures who left Manchester United around the time of Ratcliffe’s minority investment. His permanent successor was Omar Berrada, who was brought in from rival team Manchester City, as part of a series of high-level appointments following the ownership reshuffle.
Arnold, an avid motorcyclist, joined Norton Motorcycles last year as executive director to spearhead the heritage brand’s global expansion efforts.