Ed Woodward is to step down as Manchester United's executive vice-chairman at the end of this year, the 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.

"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.