Manchester United has ended Sir Alex Ferguson's ambassadorial contract after a spending review, marking a significant change in the club's financial management under minority owners INEOS.
Ferguson signed a compensation agreement shortly after leaving Old Trafford in 2013, amounting to £2.16 million for his services over more than a decade.
INEOS's review indicates a shift in management strategy, whereby even longstanding agreements with club legends are being reconsidered as part of broader budgetary responsibilities.
Despite the termination of his contract, Ferguson is expected to remain as a non-executive director and attend fixtures at the club.
Collection
[
|
...
]