INEOS, the owner of Manchester United, has announced further cuts to the club's funding, including a reduction in support for the Manchester United Foundation. The Foundation provides various community programs and supports former players. Fans have criticized the move, calling it a continuation of the 'toxicity' created by INEOS since taking over a minority stake in the club.
INEOS and its CEO Jim Ratcliffe - who took over a 27.7 per cent minority stake in the club in 2024 - have recently announced further cuts, on top of recent redundancies and financial woes.Speaking on talkSPORT's Inside Red Devils YouTube show, host Flex was joined by Alex Crook and Angelina Kelly to discuss the owners' latest cuts.
"It's a reaction to the last decade, maybe longer than that actually, of the wretched Glazer regime. It's the toxicity that INEOS have created, the redundancies, getting rid of Sir Alex's ambassadorial role, cutting Christmas bonuses, cutting money for former players, cutting funding for the charity. Unfortunately Zirkzee felt the brunt of that from the fans.
AFMUP trustee Jim Elms, who was on the books at United’s youth team and reserves from 1957 to 1960, claimed the non-profit had not received the last two quarterly payments of £10k. Despite the fact that the average house price in Fulham, South West London is £1.3million - almost five times that of houses near Old Trafford.Dan Ashworth left Man United despite Ratcliffe having high praise in February for him as a '10/10 sporting director'Flex labelled Ratcliffe as 'economically tone-deaf' after his decision to raise ticket prices to £66 per game with no concessions for children or pensioners.
Manchester United INEOS Jim Ratcliffe Foundation Cost-Cutting
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