Manchester United has ended its annual multi-million-pound remuneration to legendary former manager Sir Alex Ferguson, as the club’s new co-owner, Sir Jim Ratcliffe, looks to reduce operating costs.
The decision to stop the payments, which were made as part of Ferguson’s role as a global club ambassador and non-executive director, is part of broader financial cutbacks under the ownership of Ratcliffe’s Ineos group.
Ferguson, 82, who…
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