INEOS make major Man Utd decision amid Erik ten Hag sack rumours

INEOS are continuing their cost-cutting spree at Manchester United as pressure mounts on Erik ten Hag.

The have started the season extremely poorly and currently sit 14th in the having won just two of their opening seven games. This has put extreme pressure on Ten Hag, with former among the favourites to replace the Dutchman should he leave his role as head coach in the coming weeks.

While the pressure increases on the Man Utd head coach, INEOS, which has had responsibility for football operations at the club since its founder completed the purchase of a 27.7 per cent stake earlier this year, is continue to make cuts across the club in a bid to try and save money.

It's now been revealed that Sir Alex Ferguson will step away from his ambassador role with the club at the end of the season. The Scot won 38 trophies at United during a managerial reign spanning nearly 27 years, including 13 Premier League titles and two European Cups.

It's reported that Ferguson has reached an amicable agreement with the club to cease his ambassador duties when the season ends. Ferguson turns 83 in December, and the ambassador role is understood to be one of a number of time-consuming duties he is planning to give up.

READ MORE:

READ MORE:

Club sources have told PA there was no acrimony over this matter, with Ratcliffe having met Ferguson face to face to say the club could no longer sustain the ambassador payments. The Athletic reported Ferguson was listed as having received £2.16million for his ambassador duties in United’s 2014 accounts.

Ferguson always remains welcome at Old Trafford, United sources said, and he will remain a non-executive director of the football club board. Last month United posted losses of £113.2million for the year ending June 30, 2024, but the club insisted they are compliant with the Premier League’s profitability and sustainability rules (PSR) where breaches are punishable by points deductions.