Manchester United fans are keeping a close eye on the recent news surrounding Sir Alex Ferguson’s signing, as changes continue to take place within the club. As a key figure who has shaped the club’s identity, any updates on Ferguson carry weight with both supporters and analysts.
Why INEOS terminated Ferguson's contract with Man United
Below is a closer look at recent developments, notable reactions and what they could mean for the future of Manchester United.
Sir Alex Ferguson's ambassadorial contract at Manchester United is set to expire as the club implements cost-cutting measures. The decision follows Sir Jim Ratcliffe's acquisition of a minority stake in the club in February 2024, which led to financial restructuring including staff redundancies.
Ferguson has been a club ambassador since his retirement in 2013, earning more than £2 million a year in the role. The decision to terminate his contract is part of a wider effort to cut costs, with the club aiming to save around £45 million ($58.8 million). Despite this, Ferguson remains a non-executive director and is always welcome at Old Trafford.
