Manchester United terminates Sir Alex Ferguson's ambassadorial role amid cost-cutting initiatives.

Manchester United has ended Sir Alex Ferguson's ambassadorial contract as part of a cost-cutting initiative led by new part-owner Sir Jim Ratcliffe. Ferguson, 82, who has served as an ambassador since retiring in 2013 after a successful managerial career, will cease receiving payments at season's end but will remain a non-executive director. This decision aligns with broader restructuring efforts amid the club's ongoing financial challenges.