Sir Jim Ratcliffe is set to continue his rapid cost-cutting at Manchester United.

The INEOS billionaire is poised to slash the funding provided to the Manchester United Foundation, as reported by Sky News.

United are rumoured to be axing their financial benefits from 2025 onwards, which has totalled close to £1m over the last twelve months.

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The charitable wing is still set to receive other benefits but additional funds for events and fundraising schemes are set to be curtailed.

In 2023, United are said to have paid the MU Foundation nearly £175,000 for charity services, which included managing the distribution of signed merchandise to individuals raising funds for charitable causes.

The Red Devils also provided free gifts amounting to £665,000 last year, which were understood to include the use of the Old Trafford pitch and other facilities owing to the club.

United help out with additional schemes including Street Reds which is targeted at children aged 8 to 18 years old.

One source close to the club said it remained "proud of the work carried out by the Manchester United Foundation to increase opportunities for vulnerable young people across Greater Manchester".

"All areas of club expenditure are being reviewed due to ongoing losses. However, significant support for the Foundation will continue."

Ratcliffe has continued to slash multiple areas of the club which began with 250 redundancies of employees.

Sir Alex Ferguson's global ambassador role, along with his continued payments, was also axed in a move that further irked supporters.

Then came the hike in ticket prices, where concessions were asked to pay £66 to attend one of United's regular Premier League home games at Old Trafford.