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What will be the public perception of INEOS's ownership of Manchester United by the end of the 2024/2025 season?
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Resolution / Starting Odds
Positive • 25%
Neutral • 25%
Negative • 25%
Mixed • 25%
Surveys or opinion polls conducted by credible sports news outlets or fan organizations
Story
INEOS Cuts Sir Alex Ferguson's £2.16 Million Contract, Ending Global Ambassador Role from October 2013
Oct 15, 2024, 08:42 AM
INEOS, the new part-owners of Manchester United, have decided to terminate the multi-million pound annual payment to Sir Alex Ferguson, who has served as the club's global ambassador since October 2013. Sir Jim Ratcliffe, co-owner of INEOS, informed Ferguson of this decision during a face-to-face meeting at Old Trafford. Ferguson, who has been receiving £2.16 million per year, will cease his ambassadorial role at the end of the current season but will remain a non-executive director and is still welcome to attend Manchester United matches. This move is part of INEOS's broader cost-cutting strategy, although the Glazer family, previous owners, had previously supported Ferguson's payments due to his significant contribution to the club's revenue and legacy.
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