Sir Alex Ferguson to step down from Manchester United ambassadorial role as INEOS cost-cutting continues

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Sir Alex Ferguson to step down from Manchester United ambassadorial role as INEOS cost-cutting continues
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Sir Alex Ferguson is to step down from his Manchester United ambassadorial role at the end of the season.

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has been overseeing cost-cutting measures since taking charge of football operations when Sir Jim Ratcliffe bought a minority stake in the Premier League club. It is understood that the decision was made amicably and the legendary manager will always be welcome at Old Trafford.

has been putting in place cost-saving measures across the board to protect United's financial position after years of losses. United won a record 13 Premier League titles, five FA Cups, two Champions League trophies and four League Cups in Ferguson's unprecedented 27 years as manager. The next 11 years have been disastrous by the club's Ferguson-era standards, with five permanent managers winning just three trophies and the club never truly challenging for the Premier League title.

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