{"id":486856,"date":"2024-10-15T05:26:59","date_gmt":"2024-10-15T09:26:59","guid":{"rendered":"https:\/\/7sport.net\/en\/?post_type=news&#038;p=486856"},"modified":"2024-10-15T05:26:59","modified_gmt":"2024-10-15T09:26:59","slug":"ineos-cut-fergusons-multi-million-ambassador-contract-with-man-utd","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/ineos-cut-fergusons-multi-million-ambassador-contract-with-man-utd\/","title":{"rendered":"INEOS cut Ferguson&#8217;s multi-million ambassador contract with Man Utd"},"content":{"rendered":"<p>Manchester United&#8217;s new part-owners, INEOS, have continued their cost-cutting measures by ending a multi-million-pound annual agreement with Sir Alex Ferguson, the club&#8217;s most successful manager.<\/p>\n<p>After retiring as manager in 2013, following a remarkable 26-year tenure during which he won 38 trophies, Ferguson remained with the club as a global ambassador and director. For his role, he was compensated with an annual salary.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 \ud835\udc01\ud835\udc11\ud835\udc04\ud835\udc00\ud835\udc0a\ud835\udc08\ud835\udc0d\ud835\udc06: INEOS has ended a multi-million pound annual deal with Sir Alex Ferguson. He will no longer be the club\u2019s global ambassador.<\/p>\n<p>(Source: <a href=\"https:\/\/twitter.com\/AdamCrafton_?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@AdamCrafton_<\/a>) <a href=\"https:\/\/t.co\/yg1FHoUTvR\" target=\"_blank\">pic.twitter.com\/yg1FHoUTvR<\/a><\/p>\n<p>\u2014 Transfer News Live (@DeadlineDayLive) <a href=\"https:\/\/twitter.com\/DeadlineDayLive\/status\/1846108259813380549?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The details of his ambassadorial duties were first disclosed in Manchester United&#8217;s 2014 accounts, which revealed that Ferguson had signed an agreement on October 17, 2013, to serve as a global ambassador. For these services, he received \u00a32.16 million ($2.82 million) annually, a deal that persisted for over a decade.<\/p>\n<p>In its effort to streamline finances, INEOS has been scrutinizing various financial commitments, including the long-standing arrangement with Ferguson. At 82, Ferguson remains a regular presence in the directors&#8217; box at both home and away matches, despite the termination of his formal ambassadorial agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manchester United&#8217;s new part-owners, INEOS, have continued their cost-cutting measures by ending a multi-million-pound annual agreement with Sir Alex Ferguson, the club&#8217;s most [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":486857,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[16789,18490],"news_category":[136,14235,16715],"gn_keywords":[23352,17559,21130],"acf":{"announce":"Manchester United's part-owners continue their plan to cut costs ","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/486856"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/137"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=486856"}],"version-history":[{"count":1,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/486856\/revisions"}],"predecessor-version":[{"id":486858,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/486856\/revisions\/486858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/486857"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=486856"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=486856"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=486856"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=486856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}