Man United dismisses Sir Alex - paying him €28.5 million since his retirement

After 38 years, Sir Alex Ferguson is no longer employed by Manchester United. The decision is now final, as the INEOS company decided to cut the budget and handed a termination notice to the legendary coach.

Ferguson hasn’t been in a coaching role since 2013, when he concluded his 27-year tenure at Old Trafford. However, even after that, he remained on United’s payroll as a global ambassador for the club. According to media reports, this role brought him £2,160,000 annually, meaning that since 2013, he has earned an impressive €28.5 million from United.

If anyone deserved such a status, it was him — the man who elevated Manchester United to the level of a global powerhouse, bringing them 13 Premier League titles, two Champions Leagues, a Cup Winners’ Cup, and countless other trophies.

However, as the saying goes, "In football, yesterday doesn't exist." INEOS, the company owned by Sir Jim Ratcliffe, a minority shareholder in the club, decided to end this arrangement to reduce costs, especially those deemed non-essential. Sir Alex graciously accepted the decision, having earned more than enough in his lifetime, and it's fair to acknowledge that United has been generous.

Now, however, it's time to tighten the belt. For example, INEOS has also canceled the Christmas party for employees. There will no longer be the same extent of private chauffeur services, club credit cards, or even covering transportation costs for staff wanting to attend the FA Cup final — a long-standing tradition at the club. Many staff members were also provided with hotel accommodations in the past.

Overall, INEOS has compiled a list of about 250 points for cost savings. All the funds saved this way will be reinvested into the players.