Sir Jim Ratcliffe has reportedly continued Manchester United's cost-cutting measures by canceling a charity donation to the club's legends.
Ratcliffe embarked on a root and branch financial overhaul after acquiring a quarter of the club's shares 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 increase matchday ticket prices.
As reported by The Sun, billionaire Ratcliffe has continued his plan to cut funding for a charity.
In previous years, United donated £40,000 to a charity set up to help former players. But it is feared that it will cease to exist.
The Manchester United Former Players' Association was created in 1985 to support players who were not earning the mouth-watering salaries of the modern era.
Sir Jim Ratcliffe has reportedly continued Manchester United's cost-cutting measures.
A charity supporting former United players such as Denis Irwin (right) and Bryan Robson (left) is to be cancelled.
Red Devils legends such as Bryan Robson, Brian Kidd and Dennis Irwin are among the 300 former players supported by the charity.
Manager Jim Elms played for United's youth and reserve team and criticized Ratcliffe's decision.
The 84-year-old told The Sun: “We sent a letter to say we haven't been paid.” No one came out to tell 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.”
Elmd had a phone call with United CEO Omar Berrada. And he added: “It didn't go very well.
'Omar did not commit. He will meet with us again in January, but said he didn't see that changing.
“He didn't seem to think we were a necessity.”
Ratcliffe's latest cut comes just months after legendary manager Sir Alex Ferguson lost his job at the club.
Ferguson became the club's global ambassador and director after stepping down as manager in 2013 following a 27-year reign. He was reportedly paid £2.16 million a year to serve as the club's global ambassador in a deal that continued for more than a decade.
But the legendary United manager, 82, lost his contract after a face-to-face meeting with minority owner Ratcliffe in October.
