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, Sir Alex Ferguson. 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, Lady Cathy, 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.