Manchester United on Wednesday announced that CEO David Gill will depart the club at the end of the Premier League season, with EVP Ed Woodward taking over on June 30^th. The 55-year-old, who is also vice chairman of the Football Association and is said to be seeking election to UEFA’s executive committee, will remain a director of the club as Woodward takes over his responsibilities.

"I have worked alongside the finest manager in the history of the game (United coach Alex Ferguson) and been part of what I consider to be the best club in the best sport in the world. It has been a very hard decision because I love this club and, as the fans' banner says, it is, 'more than a religion,'" Gill said. "However, I have always been conscious of the fact that, as a member of staff, I was always just a temporary custodian of this marvelous institution. I am also of the view that all businesses need to refresh themselves with new management and ideas and after 10 years in charge I believe it is appropriate for someone new to pick up the baton.”

Ferguson said: "David has been a magnificent chief executive. Of course we have had a million arguments, but I have always enjoyed them because I know that David has two great qualities: he is straight and he always puts Manchester United first. No disagreement is ever personal with him. He always wants the best for United, whether it's the players, the training ground or the staff. Him stepping down is a big loss to me but the fact that he is staying on the board encourages me that the reason for his departure is heartfelt, that he believes it is time for the club to move on.”