Cutting spending, Man Utd terminates contract with Sir Alex Ferguson

According to information from The Athletic, the Man Utd board of directors announced that they will not renew the contract with Sir Alex Ferguson after the 2024/2025 season ends. Since the end of his coaching career at Old Trafford, Sir Alex has held the position of brand ambassador. According to many sources, he receives 2 million pounds/year for this job.

INEOS - the co-owner of Man Utd wants to cut the team's operating costs and continuously make important financial decisions.

Sir Alex Ferguson is no longer the brand ambassador of Man Utd.

During Sir Jim Ratcliffe's tenure at Man Utd, the Red Devils laid off at least 250 staff and cut back on many of their benefits. First, staff no longer received lunch as they had in previous years. At the FA Cup final, they had to pay for their own travel and meals and were no longer allowed to stay in the same hotel as the players.

Fans have also suffered as Man Utd have cut meals for VIP ticket holders. Parking outside the stadium has also increased. Man Utd are trying to tighten their finances as their sporting performance has plummeted.

Sir Alex's decision to terminate Man Utd's contract has caused a lot of criticism. Under the leadership of Sir Alex Ferguson, the Old Trafford team became a symbol of England.

During Sir Alex's time as head coach, Man Utd won 13 Premier League titles, 5 FA Cups, 4 League Cups and 2 Champions Leagues. In 2013, Sir Alex decided to retire and Man Utd also went downhill from there.

Some famous English players and former Man Utd players are calling for Sir Alex to return to lead Man Utd for a short time to stop the team's decline. However, this is very unlikely. Man Utd and its opponents have changed a lot. Sir Alex himself is old and can hardly handle the pressure.

Mai Phuong

Source: https://vtcnews.vn/cat-giam-chi-tieu-man-utd-cham-dut-hop-dong-voi-sir-alex-ferguson-ar902006.html