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“Sir Alex Ferguson’s Ambassador Role at Manchester United Cut Amid Cost-Cutting Measures”

Manchester United is undergoing significant cuts as part of an economic overhaul led by Sir Jim Ratcliffe, and one of the most notable changes involves the club's legendary former manager, . Since taking on the role of club ambassador in 2013 after his retirement, Ferguson has been compensated handsomely, with reports indicating he earned over £2 million annually for his services. However, as Ratcliffe continues to implement cost-saving measures following his acquisition of a 27.7% stake in the club last December, Ferguson has become one of the latest casualties of these budget reductions. This comes on the heels of a broader initiative that saw 250 staff members laid off during the summer. It has been reported that Ferguson has reached a mutual agreement with the club to conclude his ambassadorial duties at the end of the current season. At 83 years old, Ferguson has been contemplating a reduction in his responsibilities, especially following the passing of his wife, , in October 2023. The decision to step back from his role appears to align with his personal circumstances and the club's ongoing restructuring efforts.

Question 1: What role did Sir Alex Ferguson hold at Manchester United after his managerial career?

Sir Alex Ferguson served as a club ambassador for Manchester United after stepping down as manager in 2013.

Question 2: How much was Sir Alex Ferguson reportedly earning annually in his ambassador role?

Ferguson was reported to receive over £2 million a year for his role as an ambassador, with company accounts showing he received £2.16 million in 2014.

Question 3: What recent changes have occurred at Manchester United under Sir Jim Ratcliffe's leadership?

Under Sir Jim Ratcliffe's leadership, Manchester United has implemented cost-saving measures, including cutting 250 staff from the payroll and reducing the ambassador role of Sir Alex Ferguson.

Question 4: Why is Sir Alex Ferguson stepping down from his ambassador duties?

Ferguson is stepping down from his ambassador duties as part of the club's cost-cutting measures, and he was reportedly planning to reduce his responsibilities due to his age and personal circumstances, including the recent death of his wife.

Question 5: When is Sir Alex Ferguson expected to officially cease his ambassador duties?

It is understood that Ferguson reached an amicable agreement with the club to cease his ambassador duties at the end of the current season.