Sir Alex Ferguson is stepping away from his Man United ambassadorial duties at the end of the season

INEOS have decided to cut Sir Alex Ferguson’s multi-million-pound ambassadorial contract with Manchester United, reports

The decision to end the role, which earned the legendary former boss more than £2m annually, was part of cost-cutting measures implemented after Sir Jim Ratcliffe’s purchase of a minority stake in February.

Ferguson will remain a non-executive director at the club, still obviously welcome to attend Man United games.