Sir Alex Ferguson's long-standing role as an ambassador at Manchester United is coming to an end due to cost-cutting measures instigated by the new shareholders INEOS.
Sir Jim Ratcliffe, the new minority shareholder at Manchester United, informed Ferguson that his annual ambassadorial salary would no longer be paid, marking a significant financial shift in the club.
Despite the end of Ferguson's lucrative ambassadorial position, he will continue in a non-executive director role, which is largely ceremonial and does not hold the same financial benefits.
The recent restructuring at Manchester United includes major staff redundancies, with INEOS implementing extensive cost-cutting measures to streamline operations, a move that has drawn considerable criticism.
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