Premier League: Investment banker Gary Hoffman appointed chairman, set to take up role on 1 June
The Premier League said in a statement the 59-year-old would take up the role from June 1 after shareholders voted unanimously in favour
London: Investment banker Gary Hoffman was appointed chairman of the Premier League on Friday, working with chief executive Richard Masters.
The Premier League said in a statement the 59-year-old would take up the role from 1 June after shareholders voted unanimously in favour.
Hoffman, chairman of the Coventry Building Society and Monzo Bank, earlier served notice of his intention to resign as non-executive chair of Hastings Group Holdings before taking up the new role.
The former chairman of the Football Foundation, who began his career at Barclays and was a chairman of Visa Europe, succeeds acting chair Claudia Arney.
The Norwegian, who took over from Jose Mourinho in 2018, will stay at Old Trafford until at least 2024, with the option of an extra year.
The move appears to form part of a rebuilding process at the north London side, with Belgium defender Alderweireld leaving despite having two years left on his contract.
No fee has been disclosed but British media reported value the deal at £34 million ($47 million) rising to £48 million with add-ons.