Man Utd have terminated Sir Alex Ferguson’s contract. (Image: Getty)
Manchester United have informed Sir Alex Ferguson they will no longer commit to the annual multi-million-pound payments he’s received since retiring as manager in 2013, according to reports. In a face-to-face meeting with the club’s new football kingpin Sir Jim Ratcliffe, Ferguson was said to have learned he is the latest impacted by cost-cutting measures.
The 82-year-old, arguably United’s greatest legend, has served as a global club ambassador and club director since walking away from the dugout 11 years ago.
But he will reportedly stop receiving an annual salary beyond the end of the current season as part of Ratcliffe’s drastic efforts to balance the books at Old Trafford.
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Sir Jim Ratcliffe informed Sir Alex Ferguson in a face-to-face meeting. (Image: Getty)
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Source: https://www.express.co.uk/sport/football/1962123/Man-Utd-news-Sir-Alex-Ferguson-Sir-Jim-Ratcliffe-breaking