News
Ferguson To Leave Man Utd Ambassador Role
Manchester United great Alex Ferguson will step down from his lucrative role as club ambassador at the end of the season, a person with knowledge of the decision told The Associated Press on Tuesday.
The person spoke on the condition of anonymity because the move has not been publicly announced.
Ferguson will be 83 in December and the person said the ending of his ambassadorship — which had been worth millions of dollars — was “amicable” and he would “always be welcome at Old Trafford.”
Ferguson, a regular at matches since he stepped down in 2013, will remain a non-executive director of the football club board.
It comes as part of a wider cost-cutting exercise at United under INEOS, which has had responsibility for football operations at the club since its founder Jim Ratcliffe completed the purchase of a minority stake earlier this year.
Last month United posted losses of £113.2 million ($148 million) for the year ending June 30, 2024 — their fifth straight year of losses.
But the club said they are compliant with the Premier League’s profitability and sustainability rules.
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