Ferguson to leave Man Utd ambassador role as club cuts costs / Photo: Oli SCARFF - AFP/File
-
Pegula hangs on to dispatch Anisimova, reach Cincinnati semi-finals
-
Ronaldinho returns in search of 'beautiful' 300th goal
-
US charges woman with IS-inspired plot to blow up New York State Capitol
-
US pushes allies, China to back Trump's economic war on Iran
-
What a record-breaking El Nino could mean for the world
-
Former NBA MVP Harden reportedly set to return to Cavaliers
-
Duplantis edges Karalis to win Lausanne Diamond League pole vault
-
Brook makes Pakistan pay for drop as England dominate first Test
-
Alcaraz to return for US Open title defence
-
MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction
-
China's rapid solar expansion hurt bird diversity: study
-
First US deportees land in Liberia
-
President Paul Biya back in Cameroon after 73 days away
-
US, Canada resume talks to finalize trade deal as details emerge
-
Newcastle boss Jaissle unfazed by lack of respect
-
Europe heatwaves scorch 80 million with 40 C heat: AFP analysis
-
US Open purse to top $100 mn as Grand Slams form player council
-
Carrick insists Man Utd will make more signings after quiet transfer window
-
Hull aim to silence critics after unexpected promotion to Premier League
-
US warns allies, China to back economic war on Iran
-
Pakistan hit back against England after Cox and Root fifties
-
Manifesto defends Germany's iconic Bauhaus against 'populist attacks'
-
Walmart reports mixed results as gas prices drag on US sales growth
-
Kenya's Kipyegon ends season with hamstring injury
-
Wang downs Sindhu to break Indian hearts at badminton worlds
-
Nord Stream bomb suspect arrested while working on movie about attack: media
-
As Europe's rivers recede, shippers scramble to limit damage
-
German football fans plan widespread VAR protests
-
Alonso won't confirm Fernandez will remain at Chelsea after Man City link
-
Scorching summer triggers record rockfalls in Alps, scientist says
-
Milky Way's fastest star discovered spinning around black hole
-
Newly-crowned European champ Werro turns focus on 800m record
-
Kanye West planned concerts trigger frenzy in Russia
-
Hamilton 'fittest ever' as he chases eighth F1 title
-
Hungary music festival basks in post-Orban freedom
-
Stocks retreat as bond yield fears persist, oil rises
-
Vatican says 'serious concerns' over Israel-Lebanon deal implementation
-
ARKBRIDGE’s David Mali Highlights AI-Driven Risk Management at the Finance Magnates London Summit
-
Arteta confirms Arsenal want to sign defender after Konsa link
-
Zuckerberg buys Gothic castle in Ireland: spokesman
-
What's behind the UAE's decision to cut Iran trade ties?
-
Belgium's fire of the century now 'under control'
-
Barca seal Cancelo return to bolster defence
-
Evergrande's Xu Jiayin: from real-estate tycoon to life in prison
-
Germany reports record 14,000 heat-related deaths this summer
-
Spurs eyeing move for Man City's Savinho and Marmoush - reports
-
Alvarez 'focused' says new Atletico team-mate Romero
-
Springboks captain Kolisi to miss first All Blacks Test
-
West Ham warn fans about 'offensive' Solomon chant
-
Japan to launch probe for Mars moons in October: space agency
Ferguson to leave Man Utd ambassador role as club cuts costs
Alex Ferguson is leaving his reported £2 million-a-year ($2.6m) ambassador role with Manchester United at the end of the season as part of a cost-cutting exercise.
The former United manager, 82, won 13 Premier League titles and two Champions League crowns among a huge trophy haul during nearly 27 years at Old Trafford.
The Athletic reported that the decision had been made amicably, with Ferguson stepping down from the global ambassador role when the season ends.
Ferguson, a regular at matches since he stepped down in 2013, will remain a non-executive director of the football club board.
It comes as part of a wider cost-cutting exercise at United under INEOS, which has had responsibility for football operations at the club since its founder Jim Ratcliffe completed the purchase of a minority stake earlier this year.
Last month United posted losses of £113.2 million ($148 million) for the year ending June 30, 2024 -- their fifth straight years of losses.
But the club said they are compliant with the Premier League's profitability and sustainability rules.
United have instigated a number of cost-saving measures, including a redundancy programme that cut about 250 jobs.
They are currently 14th in the Premier League after a poor start to the season, with manager Erik ten Hag under intense pressure ahead of Saturday's game against Brentford.
P.Serra--PC
