Sir Alex Ferguson is poised to conclude his ambassadorial duties at Manchester United by the end of the current season, according to a source speaking to ESPN.

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This move is part of the club's broader cost-cutting measures initiated after Sir Jim Ratcliffe acquired a minority stake in February.

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The decision comes on the heels of the club's announcement of layoffs affecting 250 staff members, aimed at saving approximately £45 million (around $58.8 million).

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Ferguson has held the position of club ambassador since 2013, following his retirement as manager after an impressive tenure of over 25 years.

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During his managerial career from 1986 to 2013, Sir Alex Ferguson led Manchester United to an impressive 13 English league titles.

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He also claimed the Champions League trophy twice, in 1999 and 2008, and added nine domestic cup victories to his accolades. Ferguson remains the last manager to secure a Premier League title for United.

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Since retiring, he has frequently visited Old Trafford and has held a position on the club’s ceremonial football board.

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As he approaches his 83rd birthday in December, sources indicate that Ferguson will gradually reduce his involvement in various roles over the next year, including some not directly related to Manchester United.

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