In a surprising move, Manchester United co-owner Sir Jim Ratcliffe has informed legendary former manager Sir Alex Ferguson that his paid ambassador role will not be renewed beyond the end of the current season. This decision comes as part of a wider cost-cutting initiative being implemented at Old Trafford.
Despite the Red Devils’ continued heavy spending in the transfer market, bringing in high-profile signings like Joshua Zirkzee, Leny Yoro, Matthijs de Ligt and Manuel Ugarte, Ratcliffe is looking to tighten the club’s purse strings in other areas.
The Athletic reports that Ferguson, who guided United to 13 Premier League titles and two Champions League triumphs during his 27-year tenure as manager, is one of the casualties of these austerity measures.
The 82-year-old Scotsman has served as a club ambassador since his retirement in 2013, but it seems his lucrative position is no longer sustainable in the current financial climate.
While Ferguson is not an official member of United’s board, his departure will still be seen as a controversial move by many fans, who view him as the most iconic figure in the club’s illustrious history.
The legendary manager remains a regular attendee at Old Trafford, and his influence and insight have been invaluable behind the scenes.
In addition to cutting ties with Ferguson, United are also making reductions to expenses for directors and paid trips to events like the FA Cup final.
The report suggests Ratcliffe is “saddened” to see some long-serving staff members lose their jobs as a result of these cost-cutting initiatives.
The news comes at a particularly difficult time for the club on the pitch, with Erik ten Hag’s side languishing in 14th place in the Premier League table after a dismal start to the season.
Despite the lavish investment in new players, United’s performances have been underwhelming, leaving many fans frustrated with the team’s direction.
