Colin Neville of merchant bank Raine Group was quizzed on the Manchester United deal at Leaders Week in London

After 38 years, Sir Alex Ferguson will soon no longer be a paid employee of Manchester United. His role as the club’s global ambassador has apparently been curtailed. When the pair met last week, he was told by Sir Jim Ratcliffe – the part-owner responsible for the club’s day-to-day football operation – that while always welcome in the directors’

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,

Sir Jim Ratcliffe is being compared to detested former Newcastle United owner Mike Ashley for his Sir Alex Ferguson treatment.