Sir Alex Ferguson is poised to conclude his ambassadorial duties at Manchester United by the end of the current season, according to a source speaking to ESPN.
This move is part of the club’s broader cost-cutting measures initiated after Sir Jim Ratcliffe acquired a minority stake in February.
The decision comes on the heels of the club’s announcement of layoffs affecting 250 staff members, aimed at saving approximately £45 million (around $58.8 million).
Ferguson has held the position of club ambassador since 2013, following his retirement as manager after an impressive tenure of over 25 years.
During his managerial career from 1986 to 2013, Sir Alex Ferguson led Manchester United to an impressive 13 English league titles.
He also claimed the Champions League trophy twice, in 1999 and 2008, and added nine domestic cup victories to his accolades. Ferguson remains the last manager to secure a Premier League title for United.
Since retiring, he has frequently visited Old Trafford and has held a position on the club’s ceremonial football board.
As he approaches his 83rd birthday in December, sources indicate that Ferguson will gradually reduce his involvement in various roles over the next year, including some not directly related to Manchester United.