Manchester United's new part-owner, INEOS, has decided to terminate Sir Alex Ferguson's multi-million pound annual commitment as a global club ambassador. Since stepping down as manager in 2013 after an illustrious 26-year reign with 38 trophies, Ferguson's role was renegotiated to serve as a global ambassador and club director, receiving a yearly remuneration. However, INEOS's cost-cutting efforts have led to the discontinuation of this financial commitment to the legendary figure.

INEOS, headed by Sir Jim Ratcliffe, is redirecting its financial resources and has opted to no longer sustain Ferguson's payments. Despite this decision, Ferguson will continue as a non-executive director at the club with an open invitation to attend games. The Glazer family, the majority owners of Manchester United, had previously sanctioned Ferguson's payments, acknowledging his immense contributions to the club.

This move comes amidst a broader cost-reduction strategy by INEOS at Old Trafford following their acquisition of a significant stake in the club earlier this year. The organizational restructuring includes job cuts, elimination of executive perks, and slashing operational expenses. However, Ferguson's departure as an ambassadorial figure may signal a shift in the club's management approach as they navigate financial constraints amid underperformance on the pitch.

Ferguson's departure has sparked mixed reactions from the Manchester United fan base and football enthusiasts across social media. While some view it as a necessary cost-saving measure, others question the decision and its implications for the club's culture and legacy. With ongoing financial constraints and concerns over the team's performance, the spotlight now turns to the future direction of Manchester United under evolving ownership and management dynamics.