Sports
Ferguson Set To Leave Man Utd Ambassador Role As Club Cuts Costs
Former Manchester United Manager, Alex Ferguson is set to leave his reported £2 million-a-year ($2.6m) ambassador role with the club at the end of the season as part of a cost-cutting exercise.
The 82-year-old won 13 Premier League titles and two Champions League crowns among a huge trophy haul during nearly 27 years at Old Trafford.
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The Athletic reported that the decision had been made amicably, with Ferguson stepping down from the global ambassador role when the season ends.
Ferguson, a regular at matches since he stepped down in 2013, will remain a non-executive director of the football club board.
It comes as part of a wider cost-cutting exercise at United under INEOS, which has had responsibility for football operations at the club since its founder Jim Ratcliffe completed the purchase of a minority stake earlier this year.
Last month United posted losses of £113.2 million ($148 million) for the year ending June 30, 2024 — their fifth straight years of losses.
But the club said they are compliant with the Premier League’s profitability and sustainability rules.
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United have instigated a number of cost-saving measures, including a redundancy programme that cut about 250 jobs.
They are currently 14th in the Premier League after a poor start to the season, with manager Erik ten Hag under intense pressure ahead of Saturday’s game against Brentford.
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