According to The Athletic, Man Utd's board of directors has announced that they will not renew Sir Alex Ferguson's contract after the 2024/2025 season ends. Since ending 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 alone, the Red Devils laid off at least 250 staff, cutting 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, food and no longer stayed 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 looking 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 has become a symbol of England.
During Sir Alex's tenure 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 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 cannot handle the pressure.
Source: https://vtcnews.vn/cat-giam-chi-tieu-man-utd-cham-dut-hop-dong-voi-sir-alex-ferguson-ar902006.html
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