Sir Alex Ferguson will no longer be paid by Manchester United as a global ambassador following Sir Jim Ratcliffe and INEOS' decision.
Ferguson retired as manager in 2013 Sir Jim Ratcliffe and INEOS have made the ruthless decision to end Sir Alex Ferguson’s ambassadorial contract with Manchester United as part of cost-cutting measures at Old Trafford. The legendary Scot served as United manager for 26 years, winning 38 trophies before retiring in 2013. Since then, Ferguson has retained a role as a global club ambassador and club director.
Ratcliffe and INEOS have been pushing a number of cost-cutting initiatives The club’s majority owners, the Glazer family, are said to be have been satisfied with the arrangement with Ferguson, believing the success he delivered during his years in the dugout has continued to be driving factor behind the club’s considerable value. Ratcliffe and INEOS took minority control of United in February this year and have led a series of cost-cutting measures since assuming control of football operations.
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