Man United ‘axe multi-million deal with legendary former boss Sir Alex Ferguson’ as Sir Jim Ratcliffe oversees cost cutting drive

Manchester United have reportedly ended a multi-million pound deal with their legendary manager Sir Alex Ferguson as part of a cost-cutting effort.

Ferguson became a global club ambassador and club director after stepping down as manager in 2013 after a 26-year reign.

He was reportedly paid £2.16 million to serve as a global ambassador for the club, in a deal that has lasted for more than a decade.

According to Athletic, the agreement has now been terminated by the club’s minority owners, Ineos.

The move is part of a cost-cutting drive by Sir Jim Ratcliffe since Ineos took over the Premier League giants’ football operations.