Manchester United has ended Sir Alex Ferguson’s Ambassadorial Contract as part of a cost-cutting program initiated by the club’s new part-owners, INEOS. The decision comes after a face-to-face meeting between Ferguson and INEOS co-owner Sir Jim Ratcliffe, where the 82-year-old legendary manager was informed that the club could no longer afford to continue paying him beyond this season.
Ferguson, who retired from management in 2013 after an illustrious 26-year career at Old Trafford, had been serving as a global ambassador for the club. During his tenure as manager, he led Manchester United to 38 major trophies, including 13 Premier League titles, two Champions League wins, five FA Cups, and four League Cups.
Despite the end of his formal role, Ferguson is still expected to remain a regular presence at United games. He was seen attending the 2024 Emirates FA Cup final, where United secured victory, as well as their recent goalless draw at Villa Park before the international break. Ferguson, who is also a passionate horse racing fan, continues to have a deep connection with the club he helped shape into one of the world’s footballing powerhouses.
The termination of Ferguson’s Ambassadorial Contract marks a shift in Manchester United’s financial strategy under INEOS ownership, as they look to reduce expenses in an era of rising costs across football. It also underscores the new ownership’s determination to streamline operations as they take greater control of the club’s affairs.
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