chief executive

Thames Water chief executive Chris Weston previously warned that the company only has enough cash to survive till next May but many think it will run out of money by Christmas.

Meanwhile, Shelter chief executive Polly Neate said Right to Buy reform was "vital... but not enough on its own", adding that the changes "must be combined with serious investment in social homes in the Spring Spending Review".

Chief executive Kate Wallace said: “Solutions need to be focused on preventing the cycle of reoffending by prioritising evidence-based rehabilitation programmes, effective supervision measures with appropriate resourcing so that offenders can be safely managed in our communities, and a focus on robust risk assessment so that dangerous prisoners, those who pose a risk, are not released.”

Manchester United are yet to recover from the double blow of manager Sir Alex Ferguson and chief executive David Gill leaving in the summer of 2013.

The combination of Guardiola, chairman Khaldoon al-Mubarak and chief executive Ferran Soriano provides that breathing space.