Sir Alex Ferguson’s reaction to Man Utd job axe revealed as club stop paying legendary manager millions

SIR ALEX FERGUSON amicably accepted the decision to axe his multi-million pound role at Manchester United.

Red Devils co-owner Sir Jim Ratcliffe has cut costs by removing the legendary boss from his lucrative ambassadorial position.

Manchester United will no longer pay Sir Alex Ferguson his £2million per year It is understood that Fergie received the decision well during a meeting with Sir Jim Ratcliffe

Ferguson will still act as a non-executive member of the board and be welcome at matches.