Sir Alex Ferguson has confirmed that Manchester United will not invest heavily in the summer transfer market, once again insisting that there is no value. It’s no surprise, the Scot has used the excuse since the departure of Cristiano Ronaldo a year ago despite solid evidence that United’s cash is earmarked for debt repayment.
“No wholesale buying is needed as we have a very good squad that just needs tweaking here and there,” said Ferguson, who has led United to ten defeats in all competitions this season.
“Looking at potential squad additions is an ongoing process – it is not just confined to a certain time of year – although we obviously don’t reveal our plans.
“We have some ideas at the moment but not many players will be joining the club. In any case, I think the transfer market prices have been terribly inflated over the last year.”
United spent around £20 million last summer on Gabriel Obertan, Mame Biram Diouf and Antonio Valencia while bringing £81 million into the club from Ronaldo’s record-breaking sale.
Recent analysis by JP Morgan assumes that United will use the majority of its £ 100 million cash reserves to pay down the Glazer family’s so-called Payment in Kind (PiK) debt.
That’s no problem, who needs investment in their squad? As long as Rooney never gets injured again we’ll be fine. Plus Berbatov will magically ‘step up’ and become a much better player overnight. And we all know that if you give Owen the ball in the box, he always scores (well, apart from all the times he doesn’t, but who’s counting?) Hargreaves will be like a new signing when/if he ever plays again, and no doubt that Giggs, Scholes, Neville and Van Der Sar will be able to produce it at the top level until at least their mid-fifties. I’m just glad the Glazer’s tight grip on the club’s finances will prevent anything vulgar and unneccessary like spending money on players. It’s not Football Manager you know. In Malcolm we trust.
I’m not concerned by these comments at all. Fergy knows what he is doing and besides it makes perfect economic sense to play down Utds involvement in the transfer market. Imagine he says yes we have 120m to spend and ill be spending it all on 3 players, a gk, cm and striker. The prices quoted to Utd would all go up 20 per cent instantly!
We will spend and i expect it to be the Utd way of previous years i.e mainly on potential with the odd star
Well said Mo. Couldn’t have put it better myself. Wouldn’t be overly surprised if SAF decides to call it a day this summer rather than put up with any more of this Glazer nonsense.
Actually, i also agree with what ferguson mention.There no need to spend too much during the next transfer window.The squad were actually fine, we only need a few players in this summer. For example, a keeper, forward and at least a midfielder. That all we need. So we shouldn’t be panic.