Investment banker Gary Hoffman set to be named as Premier League’s new chairman

Investment banker Gary Hoffman set to be named as Premier League’s new chairman
Football

Gary Hoffman is set to be named as the Premier League’s new chairman.

The decision ends a two-year search for Richard Scudamore’s successor, with the decision due to be ratified by the 20 top-flight clubs on Friday.

Gary Hoffman is currently chairman of the Coventry Building Society, Hastings Insurance and Monzo Bank

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Gary Hoffman is currently chairman of the Coventry Building Society, Hastings Insurance and Monzo Bank

Hoffman, who has over 40 years experience in banking throughout his career, will take over amid a difficult time for all clubs owing to the coronavirus pandemic.

After former chairman Scudamore’s long-serving reign as executive chairman came to an end in 2018, top-flight clubs decided to once again split the role.

Susanna Dinnage and then David Pemsel were due to take up the role of chief executive, only for Richard Masters to take the role on a permanent basis in December after a year in interim charge.

Richard Scudamore retired in November 2018

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Richard Scudamore retired in November 2018

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The chief executive of Hastings Group boasts widespread experience in the banking and insurance industries.

Hoffman steered the Government turnaround of Northern Rock as the company’s chief executive and has held a variety of other roles with the likes of NBNK Investments, Barclays and VISA.

The 60-year-old is also the chairman of Coventry Building Society and Monzo Bank.