Sir Alex Ferguson leaves another job as details emerge following Man Utd departure
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Sir Alex Ferguson has left another job following his recent departure from Manchester United.
Sir Jim Ratcliffe recently informed the Scot that he'd no longer be working as an ambassador for the club as INEOS continue to shake things up following their purchase of a minority stake earlier in the year.
He has also been banned from the United dressing room, too. While reports say talks between Ferguson and Ratcliffe were amicable, many figures associated with the fallen giants have come out in condemnation of the decision.
The likes of Eric Cantona, Peter Schmeichel and Dwight Yorke - all of which played under Ferguson - have been among those to slam United.
Sir Alex Ferguson has left another job following his recent departure from Manchester United
PA
Now, according to The Mirror, Ferguson has left another position.
This time it's on his own terms, however, with the 82-year-old resigning as the director of his personal company.
Ferguson's business, ACF Sports Promotions Ltd, has made a huge £24.3million in assets and investments.
Some of those assets include a sporting memorabilia collection estimated to be worth over £2m, while the company has a £19m investment portfolio and cash reserves of £5.1m.
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Ferguson started the company before he became United manager, with the Scot instead in charge of Aberdeen at the time.
His wife, Lady Cathy, was a director at the company prior to her death last year.
Ferguson resigned as a director on October 29, a day after two of his sons, Jason and Darren, had quit as well.
Another son, Mark Ferguson, remains a director for the company having been appointed in that position himself back in November 2012.
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All three remain 'persons of significant control', however, with the trio having a 'more than 25 per cent but no more than 50 per cent' stake in the firm.
An insider is quoted as saying: “The changes in how the company is run all point to Sir Alex starting to slow down and take a back seat in regards to his business dealings.
"And who can blame him as he approaches his mid-80s.
"The company is in rude health and in the very safe hands of his sons.”
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Sir Alex Ferguson was recently axed by Man Utd chief Sir Jim Ratcliffe
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United continue to miss Ferguson since his retirement in 2013.
He won 13 Premier League titles during his stint in the dugout but the Red Devils haven't got anywhere near that trophy in the years since.
United recently axed Erik ten Hag, with the Dutchman losing his job following a dire start to the season.
Ferguson was in attendance on Wednesday as Ruud van Nistelrooy oversaw the club's emphatic 5-2 victory over Leicester in the Carabao Cup.
Sir Alex Ferguson is scaling back some of his business duties as the Man Utd icon approaches his mid-80s
PA
United have since confirmed Ruben Amorim as Ten Hag's replacement.
And whether he can emulate Ferguson by building a dynasty at Old Trafford remains to be seen.
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