Manchester United have ended Sir Alex Ferguson's .
Ferguson, the most successful manager in United's history, has been paid a multi-million pound annual contract as a club ambassador since stepping down as boss in 2013.
But Ferguson has become the most high-profile victim of .
Club sources have admitted the decision to axe Ferguson's ambassadorial role was taken in the context of Ratcliffe's huge cuts which have already seen 250 United employees lose their jobs.
United sources claim the decision was accepted amicably by Ferguson, with no acrimony between him and Ratcliffe, and that the 82-year-old will always be welcome at Old Trafford.
READ MORE:
READ MORE:
Sources have claimed the news was relayed to Ferguson in a face-to-face meeting with the United hierarchy and that he accepted the termination of his paid role with no rancour.
It is understood Ferguson's United ambassadorial role is one of a number of time-consuming responsibilities he is stepping back from, with the Scot turning 83 on December 31.
After calling time on his 26-and-a-half-year reign at United, in which he won 38 trophies, including 13 titles and two Champions Leagues, Ferguson was kept on as a global club ambassador and club director, for which he received a lucrative salary.
Reference to Ferguson status as a United ambassador to the club can be found in club accounts from a decade ago, where it states an agreement was reached in October 2013, in which he became a global ambassador and received £2.16million, which has continued since then.
Ferguson has also remained a director on the United's football board and regularly attends games home and away, most recently a 0-0 draw at Aston Villa on October 6.
As well as cutting jobs, Ratcliffe has taken action over the perceived largesse at United, which he and his advisors felt was holding the club back from performing to its full potential. Senior executives have had company credit cards withdrawn, while there was outrage over the removal of free travel for staff to the final against at Wembley back in May.
Ratcliffe is also understood to have ended a lucrative bonus payment scheme of a year's salary – capped at £50,000 - for loyal employees who reach 30 years' service with the club.
and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our
You may also like
Bollywood Buzz: 8 Highly-Anticipated Movies Releasing in 2024
Baba Siddique murder: Fourth accused sent to police custody till October 21
National Boss's Day: How Great Communication Makes a Beloved Boss
Second Air India flight gets bomb threat in a day, Delhi to Chicago jet diverted to Canada
Jonas Eidevall resigns as Arsenal women's manager
Strictly Come Dancing professional fumes Chris McCausland 'should' be in bottom two
Amazon's most-reviewed 'cosy' heated blanket that 'saves on heating bills' is reduced by £23
Emailvalidation.io launches advanced email validation API to optimise email list accuracy
"Will not let Maharashtra elections become like Haryana": Shiv Sena UBT MP Sanjay Raut
Prince William has fans all the saying same thing with 'cool' new look at NFL event
Dharmendra Pradhan announces 3 'Centres of Excellence' in AI for healthcare, agriculture, and sustainable cities
India look to continue red-hot Test form against New Zealand
K'taka BJP to approach President urging sacking of 'anti-Hindu' Cong govt
Shraddha wins two gold & two silver at Asian Kickboxing Championship
Diwali 2024: Special Festival Trains Between Bengaluru And Kalaburagi - Check Stations And Timings
Tech Tips: Keep these things in mind before using a power bank..
'My Eyes, My Eyes': Video Of Man Cleaning His Colourful Kitchen Has Internet Talking
Medicines To Get Costlier? Why Regulator Approved 50% Hike For Asthma, Glaucoma, Thalassemia, TB Drugs
Did Amit Shah Authorise Attacks In Canada? Here's What Canadian Officials Claim
Sir Alex Ferguson's assistant has already made feelings clear on Sir Jim Ratcliffe's brutal cuts