Sir Jim Ratcliffe, who owns a quarter stake in Manchester United, has reportedly stopped funding a charity that supports former players. This move follows other cost-cutting measures implemented by the club, including job cuts and increased ticket prices.
The charity was set up in 1985 to support ex-players following retirement. Red Devils legends Bryan Robson and Dennis Irwin are among 300 members. Sir Jim Ratcliffe has reportedly continued Manchester United 's cost-cutting measures by cancelling a charity donation for club legends. Ratcliffe embarked upon a root-and-branch financial review after taking a quarter stake in the club earlier this year.
The club made around 250 redundancies over the summer and earlier this month hundreds of fans gathered outside Old Trafford to protest against the decision to raise matchday ticket prices. As reported by The Sun, billionaire Ratcliffe has continued the penny-pinching scheme by cutting funding for a charity. United donated £40,000 each year to a charity set up to help former players. But there are fears it will cease to exist. The Association of Former Manchester United Players was founded in 1985 to support players who did not make the mouthwatering salaries of the modern era. Red Devils legends such as Bryan Robson, Brian Kidd and Dennis Irwin are among the 300 former players the charity supports. Trustee Jim Elms played for United's youth side and reserves and he has slammed the latest cut. The 84-year-old told The Sun: 'We sent a letter to say we've not been paid. Nobody came out and told us so we had to send another letter. 'That's when we started hearing things that it was going to be the end of us.' Elms had a phone call with United's chief executive Omar Berrada. He added: 'It didn't go too well. 'Omar was non-committal. He's going to meet us again in January but he said he couldn't see it changing. 'He didn't seem to think that we were a necessit
Manchester United Charity Jim Ratcliffe Cost-Cutting Former Players
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