One of his duties will be; “supporting the development of United's overseas activities and the growth of its global fan-base.” The deal brings to an end speculation about Ferguson’s future and the club were keen to emphasise that he would no longer be involved in coaching matters, but he would represent the club at meetings of international and domestic football authorities.
The news comes amid bid speculation, which sent shares up by around 10p in late trading yesterday to level off at around 156p this afternoon. Brokers believe rumours of a bid were sparked by the sale of 3 million shares in late trading yesterday, which was described this morning as “overhanging stock”.
