Man Utd ‘cancel Christmas’ as part of Sir Jim Ratcliffe’s ruthless cost-cutting measures after 250 redundancies

MANCHESTER UNITED chief Sir Jim Ratcliffe has axed the club’s Christmas party.

The ruthless decision is the latest cost-cutting measure by the British billionaire.

Alamy

Sir Jim Ratcliffe has cancelled the club’s Christmas party[/caption]

Staff at Man Utd normally enjoy a Christmas bash in the build-up to December 25.

But the celebration for behind-the-scenes employees has been cancelled by Ratcliffe, according to The Athletic.

The party for the players is seemingly still going ahead, should manager Erik ten Hag allow it after a nightmare start to the season.

Ratcliffe’s plans to cut overheads at Old Trafford have seen him stop paying Sir Alex Ferguson his £2.16m-a-year.

The legendary boss became the club’s global ambassador soon after he walked away from the dugout in 2013.

But the deal has been torn up in an amicable decision between both men.

Man Utd will continue to employ Fergie as a non-executive director and he will always be welcome at games.

Since buying a 27.7 per cent of the club and taking charge of football operations, Ratcliffe has let 250 employees go.

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Ineos’ cost cutting methods have also seen private chauffeurs and company credit cards axed.

Staff and the players’ Wags had to pay for their own transport to the FA Cup final in May.

And other perks like lunch, accommodation, extra tickets and a post-match party were scrapped.