Manchester United have decided to end Sir Alex Ferguson’s ambassadorial contract with the club.... CLICK TO READ THE FULL NEWS HERE▶▶
This means Ferguson will step back from his current ambassadorial role at the end of the season.
ESPN reports that this decision has been taken as part of a cost-cutting drive at the club, since Sir Jim Ratcliffe bought a minority stake in February.
United have also finalised the redundancies of 250 members of staff, saving around £45million in the process.
Ferguson has been a club ambassador since 2013 after he retired as manager.
It has seen the 82-year-old has earned more than £2m annually.
Sources insist Ferguson “will always be welcome at Old Trafford” as the decision was “amicable” and “suiting both parties.”
