Sir Alex Ferguson lands £100,000-a-day role as Manchester United ambassador

Sir Alex Ferguson has agreed a £100,000-a-day deal to make 20 appearances a year as a Manchester United ambassador.

The football manager, 71, is also receiving a £2million advance for his second autobiography which will be published in the weeks leading up to Christmas.

Sir Alex is cashing in after retiring as Manchester United manager following the club's final game of the season last Sunday.

He announced he was standing down earlier this month after winning Manchester United's record-breaking 20th league title.

In 26 years with the Old Trafford club he won 38 trophies - including 13 Premier League titles and two Champions League trophies.

Ferguson's lucrative deal to represent Manchester United as an ambassador was thrashed out by his son Jason.

Analysts believe he could also demand £100,000 a time delivering speeches on the business management speaking circuit around the world.