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Sir Alex Ferguson makes key decision over £24m business - just weeks after legendary Man United boss was axed from ambassadorial role

Legendary Manchester United boss Sir Alex Ferguson has resigned as the director of his personal company.

His business, ACF Sports Promotions Ltd has accumulated £24.3m in assets and investments.

Some of those assets include a sporting memorabilia collection estimated to worth over £2m which is on display in various museums and universities.

The business also has a £19m investment portfolio and cash reserves of £5.1m.

Ferguson had launched the company in 1983 when he was manager of Aberdeen, three years before he would go on to start his 26-year Man United reign.