Manchester United chief executive David Gill has confirmed he's stepping down from the role.

Gill joined United as their finance director in February 1997 and assumed the role of chief executive in September 2003. He is to remain as a club director.

"It has been the greatest privilege to serve Manchester United for 16 wonderful years - the last 10 of which as its chief executive," Gill said.

"I have worked alongside the finest manager in the history of the game 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'.

"I've experienced some incredible highs, such as the Treble in 1999 and the League and Champions League double in 2008, and lows, like losing the title with the last kick of the season last year. But that is what makes this club and this sport so compelling.

"However, I have always been conscious of the fact that, as a member of staff, I was always just a temporary custodian of this marvellous 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."