Man Utd to ‘slash funding to their own charity’ as Sir Jim Ratcliffe continues ruthless penny-pinching despite being dubbed ’Scrooge’ by upset fans

Ratcliffe and INEOS' latest effort to try and make Manchester United more profitable is to slash funding to the club's charity foundation. A report from Sky News reveals that the Foundation uses around £1 million ($1.25m) per year, which will be curbed from 2025 onwards. The work done by those involved includes raising money for charity, putting on events for groups that include children, as well as providing gifts to those in need. The move from Ratcliffe comes soon after he axed funding for former players, which has earned him the nickname of Scrooge from fans.

It seems Ratcliffe is doing his best to ignore the criticism he is facing from fans and former players. With Manchester United still struggling to perform on the pitch, Ratcliffe's actions are being magnified to reflect the anger inside and out of Old Trafford. If he continues on this path, he may find his popularity so low that it is hard to recover.

Since taking over, Ratcliffe has stamped his authority on the Red Devils, approving mass redundancies, cutting matchday costs, scrapping staff bonuses and parties, and even ending support to Sir Alex Ferguson.

It is unknown what Ratcliffe's next move will be but it is very unlikely that the cutting of costs will stop there. With everything the shareholder has changed so far, it is still unlikely to even nearly reach the amount United pays on a weekly basis for their biggest stars.