Sir Alex Ferguson steps down from another job as legendary ex-Man Utd boss resigns from £24.3m company
SIR ALEX FERGUSON has stepped down from another job just weeks after leaving his ambassadorial role at Manchester United.
Red Devils co-owner Sir Jim Ratcliffe continued his cost-cutting measures last month as he stopped paying Fergie’s £2million-a-year salary.
The move was widely condemned by a number of ex-Man Utd players – while it was also reported the iconic head coach had been banned from the dressing room.
Now Ferguson has reportedly relinquished another of his duties – though this time it was solely his decision.
According to The Mirror, he has resigned as director of his company ACF Sports Promotions Ltd.
The business is understood to have made £24.3million in assets and investments.
They include a £2m collection of sporting memorabilia, a £19m investment portfolio, and a cash reserve of £5.1m.
Fergie began the company during his time at Aberdeen, before he had started his 27-year stint as Man Utd boss.
He stepped down as director on October 29, with sons Jason and Darren having resigned one day earlier.
Another of Fergie’s children, Mark, is still a director of the company and is continuing in the role he has held for 12 years.
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Ferguson’s late wife, Lady Cathy, was also a director up until she passed away last year.
Just a fortnight after Man Utd relieved Fergie of his ambassadorial role, they also sacked manager Erik ten Hag.
Former striker Ruud van Nistelrooy is currently in interim charge of the side.
But Ruben Amorim will take over as the new permanent coach on November 11 after Man Utd agreed a deal with Sporting Lisbon.