Sir Jim Ratcliffe has reportedly continued Manchester United ‘s cost-cutting measures
‘That’s when we started hearing things that it was going to be the end of us.’
But United’s legendary manager, 82, wound-up his contract following a face-to-face meeting with minority owner Ratcliffe in October.
Trustee Jim Elms played for United’s youth side and reserves and he has slammed the latest cut.
Sir Jim Ratcliffe has reportedly continued Manchester United’s cost-cutting measures by cancelling a charity donation for club legends.
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 not-for-profit set up to help former players – but there are thought to be fears it will cease to exist.
Ferguson became a global club ambassador and club director after stepping down as manager in 2013 after a 27-year reign. He reportedly received £2.16million-a-year to serve as a global ambassador for the club in an agreement which continued for over a decade.
Ratcliffe’s latest cut comes just months after legendary manager Sir Alex Ferguson lost his role with the club.
With just 22 points from their opening 18 games, the 20-time top flight champions sit closer to the relegation zone than they do the top four.
A charity which supports former ex-United players such as Denis Irwin (right) and Bryan Robson (left) is set to be cancelled
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.