BusinessCompany NewsRed Devils loose non-exec

Red Devils loose non-exec

Martin Edwards has resigned as non-executive director of Manchester United Football Club with immediate effect.

Link: Man Utd still the world’s wealthiest

In a statement to the London Stock Exchange the premier league side said Edwards would also resign from the club’s board at the end of the football season.

Edwards has been a member of the board since 1970 and was responsible for appointing Sir Alex Ferguson as manager in 1986.

He was chief executive of the company from 1982 to 2000 and was responsible for the flotation of the club in 1991. During this time the club’s market capitalisation has risen from £181m to almost £1bn.

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