The group INEOS, majority shareholder of Manchester Unitedhas decided to terminate the contract of the legendary Sir Alex Ferguson as an ambassador for the Old Trafford club, according to @AdamCrafton_ on The Athletic portal. Ferguson receive 2.6 million euros per year for said contract.
Always according to said medium, Ferguson will continue as a non-executive director in the Manchester United and will always be welcome at the matches of the team now led by Erin ten Hag.
Sir Jim Ratcliffe (above) and Sir Alex Ferguson, in the Villa Park box on October 6 (Photo by Michael Regan/Getty Images)
The INEOS group wants to cut costs and now it has been the turn of the legendary Scottish coach, who was already informed about it by Sir Jim Ratcliffe (President of INEOS) last week in a face-to-face meeting at Old Trafford. Ratcliffe he told Ferguson that he United You are trying to reduce expenses and cannot continue paying him.
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The vision on the subject of Glazer, previous majority shareholders (from 2005 to 2023), was that much of the company’s current income Manchester United are still due to the work of Sir Alex Fergusonthe most successful coach in the history of the Old Trafford club.
Sir Alex Ferguson He became a global ambassador for Manchester United in October 2013, earning €2.6 million per year. He led the ‘red devils’ team between 1986 and 2013, a period in which they won 13 Premiers, 2 Champions Leagues, 5 FA Cups, 4 League Cups, 10 Community Shields, a Cup Winners’ Cup, a European Super Cup, an Intercontinental Cup and a Club World Cup. Since his departure, United have not won the English league again.
