The iconic manager can still attend games at the club but his multi million pound contract as the club's ambassador is over.
INEOS are bringing changes at the club after taking charge of the operations at Old Trafford, signing players in the summer transfer window to support manager Erik ten Hag.
Eric Cantona has slammed the Red Devils for treating Ferguson in this way, calling it a lack of respect and scandalous over the treatment of his former manager.
The club's co-owner INEOS, lead by billionaire Sir Jim Ratcliffe, are looking to cut costs and trying to save money at the club.
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