Football 39n3s
Sir Alex Ferguson Pocketed £23.76 MILLION as Manchester United Ambassador Before INEOS’ Cost-Cutting Measure 14562b
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Sir Alex Ferguson’s salary as a global ambassador for Manchester United has been deemed unsustainable by the new INEOS-led ownership, who have now terminated his contract.
Sir Alex Ferguson Has Ambassador Contract Terminated By INEOS 5t6u6l
Sir Jim Ratcliffe and his fellow INEOS-led ownership have been busy trimming the crusts off Manchester United’s oversized budget, but stricter cost controls will incur a mass exodus of staff.
Among the estimated 250 redundancies will be the club’s most successful manager – Sir Alex Ferguson – who has been unobtrusively lurking in the stands as a global ambassador since retiring in 2013.
Ferguson’s towering presence around Old Trafford has divided opinion, with a proportion of United fans eager to usher in a new era and leave the sentimentality of the old guard behind.
INEOS have been keen to deal with the subject with as much sensitivity as possible given his stature at the club, and the 82-year-old will remain as a non-executive director.
With exclusive interview for Sportscasting.
“Looking at Ten Hag, I feel sorry for him a bit. I would love Alex Ferguson to take over just for one season and just see what he could do with those players because I think some of them take the p*** out of Ten Hag,” he said.
How Much Was Sir Alex Ferguson’s Salary as an Ambassador? 32432z
According to related party transactions in United’s 2014 s, the arrangement is believed to have earned Sir Alex approximately £2.16m per-year.
For context, active players Kobbie Mainoo and Amad Diallo currently earn less than Ferguson’s salary, while regular starter Alejandro Garnacho receives around £500,000 more per year.
Given the 13-time Premier League winner had been a global ambassador for the club since 2013, he has cost United a minimum of £23.76m post-retirement.
Recouping £2.16m per-year is a relative drop in the ocean given the likes of a rapidly fading Casemiro is pocketing £18.2m, but moving Sir Alex to a non-executive role is the kind of commonsensical cost cuts the ownership promised before they took the reins.