Manchester United chief Sir Jim Ratcliffe and Ineos have been cost-cutting since taking the reins and they have now terminated an agreement with the club's former manager, Sir Alex Ferguson
Manchester United part-owners Ineos have ended a multi-million pound ambassadorial contract with Sir Alex Ferguson.
Ferguson was told in a face-to-face meeting with Sir Jim Ratcliffe that the club were trying to reduce costs and that they were no longer in a position to continue paying him beyond this season. The club were the second-highest spenders among Premier League clubs in this summer's transfer market after committing more than £200million on transfers in a bid to reshape manager Erik ten Hag's playing squad.
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