Chips Keswick will cease to be president of Arsenal at the end of the season, after seven years in office and 15 seasons on the London club board. At 80, Keswick will be replaced by billionaire American businessman Stan Kroenke and his son Josh.

Keswick, a former Bank of England director, said his plan had always been to retire at the end of this season and that the goal would not be hindered by the new coronavirus pandemic.

Stan and Josh Kroenke said in a statement that “Kewick’s extensive work, knowledge and experience, coupled with a deep love for Arsenal, made him the perfect president.”