Jim Ratcliffe makes ruthless decision to stop paying Man Utd legend Sir Alex Ferguson --[Reported by Umva mag]

Sir Jim Ratcliffe and INEOS have made the ruthless decision to end Sir Alex Ferguson’s ambassadorial contract with Manchester United as part of cost-cutting measures at Old Trafford.

The legendary Scot served as United manager for 26 years, winning 38 trophies before retiring in 2013.

Since then, Ferguson has retained a role as a global club ambassador and club director. Ferguson’s post-retirement role was included in the club’s 2014 accounts and received £2.16million for his duties with that arrangement remaining in place over the last decade.

Ratcliffe and INEOS have been relentless in their efforts to reduce costs at United with their latest push shifting focus to Ferguson, 82.

The Athletic report Ratcliffe and Ferguson met in a face-to-face meeting where the former manager was informed United are no longer prepared to make those payments.

The meeting is reported to have ended ‘amicably’ with Ferguson, who still regularly attends United games in the director’s box, set to remain on as a non-executive director.

Ferguson will not be receiving payments from the club beyond the end of the 2024-45 season.

More to follow

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