Why Alex Ferguson's contract was terminated by Manchester United? Check details

Manchester United's new part-owners, INEOS, have made the significant decision to terminate a multi-million pound ambassadorial contract with legendary former manager Sir Alex Ferguson as part of the club's ongoing cost-cutting initiatives. Ferguson, who is regarded as the most successful manager in Manchester United's storied history, had been serving as a global club ambassador since his retirement in 2013. His tenure as manager spanned an impressive 26 years, during which he led the club to an astonishing 38 trophies. Ferguson's illustrious record includes 13 Premier League titles, two UEFA Champions League trophies, five FA Cups, and four League Cups, among numerous other honors. His impact on the club and its identity has been profound, shaping Manchester United into a footballing powerhouse both domestically and internationally.

Despite his legendary status and contributions, the current financial landscape and restructuring efforts at the club have prompted INEOS to reassess various expenditures, leading to this difficult decision. The termination of Ferguson's ambassadorial role marks a notable shift in the club's approach to managing its resources and may signal a broader strategy aimed at realigning its priorities in light of recent challenges. While the decision is met with disappointment by fans and supporters, it highlights the realities of modern football finance and the ongoing evolution at Manchester United.

According to a report by The Athletic, INEOS has been actively seeking ways to reduce costs at Manchester United, which led them to reassess the club's financial commitment to Sir Alex Ferguson. The legendary former manager, who remains a familiar presence at games—attending both home and away matches from the directors' box—was informed of the decision during a face-to-face meeting with Sir Jim Ratcliffe.

During this meeting, Ratcliffe conveyed the club's need to cut expenses and stated that they could no longer afford to continue Ferguson's payments beyond the current season. This decision underscores the financial pressures the club is facing, prompting a reevaluation of various expenditures, including the ambassadorial role held by Ferguson since his retirement. While the move is seen as a necessary step in the club’s cost-cutting efforts, it inevitably raises questions about the long-term implications for Manchester United's identity and its relationship with one of its most iconic figures. Fans and supporters may view this change with disappointment, as Ferguson's legacy is deeply intertwined with the club’s history and success.

At 82 years old, this dedicated sports enthusiast continues to embrace his passion for both horse racing and football. Despite his age, he remains an ardent supporter of Manchester United, attending games whenever he can. His commitment to the team was on full display during the exhilarating 2024 Emirates FA Cup final, where he witnessed United’s triumphant victory at Wembley. The atmosphere, the cheers, and the thrill of the win were experiences he cherished, highlighting his unwavering loyalty to the club.

More recently, he made the trip to Villa Park for United’s goalless draw before the international break. Even though the match ended without goals, his presence at the stadium was a testament to his devotion. He relishes the excitement of live matches, the camaraderie with fellow fans, and the chance to see his beloved team in action. Balancing his passion for horse racing with football, he proves that age is no barrier to enjoying the sports he loves. His enthusiasm and commitment serve as an inspiring reminder of the joy that sports can bring, fostering a sense of community and shared excitement that transcends generations. His remarkable spirit continues to shine brightly in the world of sports.