Sir Alex Ferguson’s ambassadorial deal with Manchester United has been axed by Sir Jim Ratcliffe’s new part-owners Ineos in the latest cost-cutting measure at the club. Ferguson, 82, has been a global ambassador and club director at Old Trafford since his decision to end his extraordinary 27½ year reign as manager and retire in May 2013.

Eric Cantona has taken a swipe at INEOS and Sir Jim Ratcliffe after Manchester United ended payments to Sir Alex Ferguson.

Sir Jim Ratcliffe and INEOS have made the ruthless decision to end Sir Alex Ferguson’s ambassadorial contract with Manchester United as part of cost-cutting measures at Old Trafford. The legendary Scot served as United manager for 26 years,