Sir Alex Ferguson will no longer serve as an ambassador for Manchester United after the role was scrapped by INEOS, the club's minority investors, as part of a widespread cost-cutting campaign.

The Manchester City squad have been tipped to fund Sir Alex Ferguson's contract after Manchester United ended his deal with the club. Ferguson is set to leave his Man United ambassador role at the end of the season. He was given the position following his retirement in 2013 and was reportedly paid £2 million-a-year.

Manchester United new part-owners INEOS has continued its cost-cutting programme by ending a multi-million pound annual commitment to Sir Alex Ferguson, the most successful manager in the club’s history.

Sir Alex Ferguson is set to step back from his ambassadorial role at Manchester United at the end of the season, a source told ESPN. The decision has been taken as part of a cost-cutting drive at the club put in place following Sir Jim Ratcliffe's purchase of a minority stake in February.

When cost cutting reaches the point where you’re cutting the man who invented the modern Man Utd, you have to ask if it is really worth it

Sir Alex Ferguson will no longer be working for Manchester United officially, but that does not mean he will be heading to the poor house any time soon

Manchester United great Alex Ferguson will step down from his role as club ambassador at the end of the season, a person with knowledge of the decision told The Associated Press

According to Daily Mail, Sir Alex Ferguson and the Manchester United board have been told not to enter the team’s dressing room.This comes after the termination of the legendary manager’s

Legendary football manager Sir Alex Ferguson has been allegedly asked by Manchester United to 'stay out' of the players' dressing room as part of new changes.

Ex-Aberdeen and Scotland star Alex McLeish and doyen of Scottish football commentators Archie Macpherson couldn’t believe the decision by Jim Ratcliffe.