Manchester United CEO David Gill has hinted that the Red Devils have £100million to spend in the summer transfer market. This should be a good news on the ears of Sir Alex Ferguson, especially after the huge debt saga surrounding the club.
There were widespread rumours that Manchester United was low on cash and Fergie’s hands were tied by the owners of the club. The fact that majority of the world record £80million fee received from Real Madrid for Cristiano Ronaldo remained unspent was acting as a testimony that United were cash strapped.
However, David Gill insists that manager Sir Alex has plenty of cash at his disposal during the summer transfer window. This means that United have funds to bring in some world class players to Old Trafford such as Ribery, David Villa and Manuel Neuer who have been consistently linked with the Red Devils.
There were widespread rumours that Manchester United was low on cash and Fergie’s hands were tied by the owners of the club. The fact that majority of the world record £80million fee received from Real Madrid for Cristiano Ronaldo remained unspent was acting as a testimony that United were cash strapped.
However, David Gill insists that manager Sir Alex has plenty of cash at his disposal during the summer transfer window. This means that United have funds to bring in some world class players to Old Trafford such as Ribery, David Villa and Manuel Neuer who have been consistently linked with the Red Devils.
Gill told BBC Radio Five Live: "The owners understand that they will only get value back by ensuring the team continues to be successful and continues to attract exciting players and produces results off the pitch as well. They are in it for the long term."
So far United have spent £15million on Antonio Valencia and around £7million by signing Fulham's highly-promising England Under-21 defender Chris Smalling. Gabriel Obertan costed £3million while Michael Owen arrived on a free transfer. So collectively, we have spent about £25million and have funds to bring in new faces. Gill said, "I do not have a clue about how many players we would buy in the summer. We have well over £100million in the bank, so we will assess the squad over the next few months and go into the market as appropriate.
United’s chief executive also suggested that Wayne Rooney will not be sold under any circumstances. He hinted at putting Rooney on a new long-term contract whose current contract expires in 2012.
So far United have spent £15million on Antonio Valencia and around £7million by signing Fulham's highly-promising England Under-21 defender Chris Smalling. Gabriel Obertan costed £3million while Michael Owen arrived on a free transfer. So collectively, we have spent about £25million and have funds to bring in new faces. Gill said, "I do not have a clue about how many players we would buy in the summer. We have well over £100million in the bank, so we will assess the squad over the next few months and go into the market as appropriate.
United’s chief executive also suggested that Wayne Rooney will not be sold under any circumstances. He hinted at putting Rooney on a new long-term contract whose current contract expires in 2012.
