In a significant move, INEOS has decided to cut Sir Alex Ferguson’s multi-million-pound ambassadorial contract with Manchester United. The decision, first revealed by The Athletic, comes as part of the company’s ongoing cost-cutting measures.
Despite the termination of the contract, Ferguson’s long-standing relationship with the club will remain intact.
According to The Athletic’s Adam Crafton, “The matter has been dealt with amicably, as Ferguson will remain a non-executive director at the club and be welcome to attend games.”
Sir Alex Ferguson, a legendary figure at Old Trafford, held the ambassadorial role following his retirement in 2013 after a storied 26-year managerial career with Manchester United. Although the contract is being cut, his presence at the club is still seen as pivotal, both by fans and club officials. INEOS, now a major stakeholder in the club, continues to focus on financial restructuring, as indicated by this latest decision.
The football world will be keenly watching how this shift in Ferguson’s role impacts Manchester United, a club deeply connected to his legacy.