- Sir Alex Ferguson brought great success to Manchester United during his time as manager.
- After announcing his departure, Sir Alex continued to serve as the club’s ambassador.
- Ineos decided to terminate his contract with Sir Alex because he wanted to reduce the club’s budget.
David Ornstein, a famous journalist from The Athletic. Reported that Sir Jim Ratcliffe and Ineos have decided to end the contracts of Sir Alex Ferguson and Manchester United as club ambassadors in order to reduce the team’s budget. After previously deciding to lay off more than 250 staff in a major restructuring of the club.
Since stepping down as manager in 2013, Sir Alex Ferguson has remained a key figure in the club’s ambassadorial role. With United paying him around £2.16m (€2.58m/$2.84m) during his time in charge.
He is also on the สมัคร ufabet club’s football board. Although this position is more of a matter of honour as he is not required to sit in on meetings or consult with other board members.
However, it has been reported that Sir Jim Ratcliffe. Along with the founder and CEO of INEOS, have informed Sir Alex Ferguson directly that the club needs to cut costs and will no longer be able to pay the £2.16m compensation package,
with sources saying that discussions have gone smoothly, with Sir Alex remaining a non-executive director and still welcome back to Old Trafford.
Although the Manchester United board and Sir Alex did not fall out over this issue. Many Red Devils fans disagreed with the Manchester United board’s decision to cut the budget in this way. Especially by cutting the salary of a revered figure like Sir Alex, who brought success to the club countless times.