Ed Woodward is to step down as
Manchester United's executive
vice-chairperson at the end of this year, the Premier League club announced
on Tuesday.
The 49-year-old former investment banker is believed
to have been one of the prime movers behind controversial proposals for a
European Super League.
JP Morgan, the bank he worked for when he
advised the Glazers over their purchase of Manchester United in 2005,
are financing the project.
"I am extremely proud to have served
United and it has been an honour to work for the world's greatest
football club for the past 16 years," he said in a statement.