In a surprising move, the owner of Manchester United Jim Ratcliffe told the legendary former boss Sir Alex Ferguson that his job as a paid ambassador will not be renewed after the end of the current season. The decision comes as part of a wider cost-cutting plan being implemented at Old Trafford.
Although the Red Devils continue to spend heavily in the transfer market, bringing in high profile signings such as Joshua Zirkzee, Leny Yoro, Matthijs de Ligt again Manuel UgarteRatcliffe is looking to strengthen the party’s leadership in other areas.
Athletic reports that Ferguson, who guided United to 13 Premier League titles and two Champions League triumphs during his 27-year tenure as manager, is one of the casualties of the austerity measures.
The 82-year-old Scotsman has served as the club’s ambassador since retiring in 2013, but it appears his lucrative position is no longer sustainable in the current financial climate.
Although Ferguson is not an official member of United’s board, his departure will still be considered controversial by many fans, who consider him to be one of the greatest figures in the club’s history.
The legendary manager remains a regular at Old Trafford, and his influence and insight have been invaluable behind the scenes.
In addition to severing ties with Ferguson, United also cut the cost of directors and paid travel to events such as FA Cup final.
The report suggests that Ratcliffe is “sad” seeing some long-serving employees lose their jobs because of these cost-cutting plans.
This news comes at a particularly difficult time for the club on the field, with Erik ten Hag The club are sitting in 14th place in the Premier League after a poor start to the season.
Despite investing heavily in new players, United’s performances have been disappointing, leaving many fans frustrated with the club’s direction.