Sir Alex Ferguson is set to step back from his ambassadorial role at Manchester United at the end of the season, as part of a cost-cutting drive.
The decision follows United's recent layoffs of 250 staff members aimed at saving around £45 million, as the club adjusts to new ownership dynamics.
Despite stepping back, a source affirmed that Ferguson will always be welcome at Old Trafford, highlighting an amicable end to his agreement.
Ferguson, who turns 83 in December, has been pivotal to United's success and is the last manager to deliver a Premier League title.
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