SIR ALEX FERGUSON was earning more than five members of Erik ten Hag’s squad as a Manchester United ambassador.
The legendary former boss, 82, will no longer be paid for his ambassadorial role beyond the end of this season.
Shortly after retiring in 2013, Ferguson inked a deal for a new role worth around £2.16million per year.
As part of Sir Jim Ratcliffe‘s cost-cutting measures, however, the Scot has been removed from his position.
The Ineos chief met with Ferguson in person to relay the decision.
SunSport understands that the iconic former United manager accepted the news amicably.
As per Capology, Ferguson’s deal had been worth more than those of five Man Utd players.
Among those were England regular Kobbie Mainoo, whose contract, inked in January 2023, is said to be worth £20,000 a week, a shade over £1m per year.
It was also worth more than deputy goalkeeper Altay Bayindir‘s contract, thought to be £35,000 a week, or £1.8m per year.
Amad Diallo‘s deal is said to be worth £1.5m a year (£28,800 a week), and is set to expire at the end of the season, although United possess the option to extend it by a further 12 months.
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All the trophies Sir Alex Ferguson won as Manchester United manager:
Meanwhile, youngsters Dan Gore and Harry Amass are also claimed to be earning in the region of £5,000 a week, £260,000 a year, far less than Ferguson was on.
With Sir Alex set to turn 83 on December 31, his Man Utd ambassadorial role is just one of several time-consuming activities he will be stepping back from.
This will not affect his ability to attend games, however, as he will always be welcome at Old Trafford – where he remains a regular.
Last month, it was revealed he Man Utd would be letting go of 250 employees at the club.
The cost-cutting measures come amid news that United’s losses over the last five years have totalled more than £370m.
Ineos’ cost-cutting methods have also seen private chauffeurs and company credit cards axed.
Staff and the players’ Wags even had to pay for their own transport to the FA Cup final win over rivals Manchester City in May.
And other perks like lunch, accommodation, extra tickets and a post-match party were also scrapped.
MANCHESTER UNITED plan to build a new stadium rather than redevelop Old Trafford.
The decision was made after a number of fact-finding missions to other stadiums including the Bernabeu and Nou Camp.
The cost of the project is expected to be a staggering £2billion.
A capacity of 100,000 is expected.
It is felt that a club of United’s standing should have a new state-of-the-art facility.
The new stadium will be built on land adjacent to the Red Devils’ current home.
United are looking to not only build a stadium but regenerate the area of Trafford where the ground will stand.
There had been plans to KEEP Old Trafford rather than demolish it, and use it as a scaled down second venue.
However, it’s looking increasing likely that it will in fact be entirely demolished.
The club consulted with 30,000 fans about what to do and believe there is roughly a 50-50 split on staying or moving.
The club have appointed the architects Foster + Partners to come up with a “masterplan”. The company were behind Wembley Stadium.
Old Trafford has been United’s home since 1910.
The target is for completion by 2030.
