Manchester United sack Sir Alex Ferguson to cut costs – Very amusing


 
 
 
 
 
 

A new media exclusive reports that Sir Alex Ferguson has been sacked by Manchester United.

The Athletic say that the Old Trafford club have got rid of the club legend as a cost cutting exercise.

They state (see below) that since 2013, Sir Alex Ferguson had been paid £2.16m to be a Manchester United global ambassador for the club.

However, that is no longer the case according to The Athletic’s informed sources.

They report that Sir Jim Ratcliffe was the one told Sir Alex Ferguson that he was now no longer wanted.

As a Newcastle United fan, this total shambles gets better and better at Manchester United.

Ratcliffe’s shamefully arrogant and embarrassing behaviour, when dealing with the Dan Ashworth and Newcastle United situation earlier this year. The new Man U minority shareholder clearly trying to get their fans onboard with his bullying and unprofessional behaviour. To deflect from the fact that he was another snout in the trough alongside his friends the Glazers.

Absolutely hilarious with all the laughable decisions and money wasted elsewhere, that then the Manchester United owners get rid of Sir Alex Ferguson.

Ratcliffe going to sack Erik ten Hag in the summer and very publicly talking to potential candidates, only for no credible person to want the job and the Man U minority shareholder having to go and beg Erik ten Hag to continue. The price for that a new extended and enhanced contract AND the ability to choose yet more shocking expensive signings. So much more money wasted, the likes of Erik ten Hag’s formerly managed Zirkzee looking so poor.

Hundreds of millions down the drain and then to save a couple of million they get rid of Sir Alex Ferguson!

The Athletic report – 15 October 2024:

‘Manchester United new part-owners INEOS has continued its cost-cutting programme by ending a multi-million pound annual commitment to Sir Alex Ferguson, the most successful manager in the club’s history.

Following his exit as manager in 2013, bringing an end to a 26-year reign in which he won 38 trophies, Ferguson has been retained as a global club ambassador and club director and remunerated with an annual salary.

The only official description of Ferguson’s services as an ambassador to the club can be seen in their 2014 accounts under the related party transactions section, where United said the Scot signed an agreement on October 17, 2013, in which he became a global ambassador and received £2.16million ($2.82m) for his services, an arrangement that continued for over a decade.

Ferguson has remained a United director on the club’s football board, which has appeared to be a largely ceremonial construct for quite some time. It has previously featured Sir Bobby Charlton (before he passed away in 2023), as well as former chief executive David Gill and non-executive director Michael Edelson. Ferguson is not a member of the club’s official board — which includes the six Glazer siblings, as well as INEOS co-owner John Reece and INEOS Sport’s chairman Rob Nevin, in addition to two independent directors Robert Leitao and John Hooks.

INEOS has been exhausting all avenues to reduce costs and that led it to zoom in on the club’s commitment to Ferguson, aged 82, who is still a regular attendee of games in the directors’ box both at home and away matches.

But now, in a face-to-face meeting at Old Trafford, INEOS founder and CEO Sir Jim Ratcliffe told Ferguson that the club are seeking to reduce costs and are no longer prepared to sustain his payments. United sources — who, like all in this piece, spoke anonymously due to the sensitivity of the matters…’