Source: Man Utd end Ferguson's ambassador deal

Sir Alex Ferguson is set to step back from his ambassadorial role at Manchester United at the end of the season due to cost-cutting measures following Sir Jim Ratcliffe’s minority stake purchase. The legendary former manager, who won numerous titles during his tenure, has been earning over £2m annually in the role since 2013. The decision, described as amicable, will see Ferguson also stepping back from other roles over the next year.

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