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Cantona slams 'scandalous' decision to axe Ferguson
The Straits Times
|October 17, 2024
Manchester United's most successful manager Alex Ferguson will step down as a global ambassador after the club's part-owners Ineos ended his multi-million pound contract.
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Ferguson, a familiar sight in the Old Trafford director's box for years, signed an agreement with United in 2013 to be a club ambassador, receiving £2.16 million (S$3.7 million) a year.
The split was amicable, according to a team source who said it was one of a number of time-consuming responsibilities from which the 82-year-old was stepping back, and that he is always welcome at Old Trafford.
There have been job cuts virtually across the board at United as part of cost-saving measures at the club, who have been incurring losses for some time.
Ferguson, who will step down from his ambassadorial duties at the end of the season, led United to 38 trophies, including 13 English Premier League and two Champions League titles, before he retired from management in 2013.
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