Sir Alex Ferguson says Manchester United still have a licence to spend big cash, despite the club's massive debts.

It is little secret that United's finances are not in great shape, though no-one at the club or the Glazer family have commented on claims they are seeking to refinance £175million worth of payment-in-kind notes that are currently attracting 14.25% interest by launching a bond issue totalling £600million.

The Old Trafford club received £80million in the summer from Real Madrid for star player Cristiano Ronaldo, but have only spent a quarter of it.

Ferguson told the Daily Express: “We have got the money. There is no question about that.

“I just don’t see that player who can make a difference for us in terms of value or ability.”

The Scot said new arrival Mame Biram Diouf may be the only new face United fans see in the January transfer window.

“That is still the case. I could never see any real diamonds. Now and again you get one.

“We struck lucky with Vidic and Evra. They turned out terrific players but it took them time to adjust.

“We bought Louis Saha during the window. He was a marvellous player but he got a lot of injuries. We also bought Andy Cole.

“These have been success stories for us.

“But you can’t guarantee that in January.

“And when you are looking for players to play in Europe you are limited still further because of other teams’ involvement in Europe. You can never be certain.”

Source: Goal.com

Sir Alex Ferguson insists he is not suffering from a spending squeeze because of Manchester United's massive debts.
Sunday's shock FA Cup defeat by Leeds has been accompanied by a succession of stories questioning the state of United's finances.
Neither the club, nor the Glazer family, have expressed any opinion on claims they are seeking to refinance £175million worth of payment-in-kind notes that are currently attracting 14.25% interest by launching a bond issue totalling £600million.
The mere suggestion is being taken as a sign that the Glazers are in trouble, which accounts for the fact Ferguson has so far spent just £20million of the world record £80million fee received from Real Madrid for Cristiano Ronaldo.But the Scot, who spoke out on the Glazers' behalf last month, is sticking to his stance that the reason the cash has not been spent is because he alone does not believe there is any value in the market.
'We have got the money. There is no question about that,' he said. 'I just don't see that player who can make a difference for us in terms of value or ability.'
Ferguson has bought big during the January transfer window in the past.
Nemanja Vidic, Patrice Evra, Louis Saha and Andy Cole all arrived for big money at the turn of the year.The cases of Vidic and Evra are particularly interesting. Both joined United with decent reputations but struggled badly during their early months at Old Trafford.
It was not until the following campaign that they began to show the talent that has seen them collect a hat-trick of Premier League titles and recognised as two of the best defenders in Europe.
Yet those deals are rare in the experience of Ferguson, who has already declared an opinion that new arrivals will be limited to Senegal striker Mame Biram Diouf, who was actually signed from Molde in the summer.
And nothing that has happened recently has changed that view.
'That is still the case,' he said. 'I could never see any real diamonds. Now and again you get one.
'We struck lucky with Vidic and Evra. They turned out terrific players but it took them time to adjust.
'We bought Louis Saha during the window. He was a marvellous player but he got a lot of injuries. We also bought Andy Cole.
'These have been success stories for us. But you can't guarantee that in January.
'And when you are looking for players to play in Europe you are limited still further because of other teams' involvement in Europe. You can never be certain.

Source:my favourite manutd news centre MANUTDNEWSNOW

Portsmouth goalkeeper David James has today emerged as a shock transfer target for Premier League Champions Manchester United.
The England international is widely expected to leave Fratton Park this month due to current financial trouble Portsmouth find themselves in. Pompey cheif executive Peter Storrie admitted today the club may have to sell players, however they will only let their key men go if the price is right.
United boss Sir Alex Ferguson is desperate to add to his squad during this month’s window and he goes in search of his 5th Premier League title on the trot, and bringing a goalkeeper to Old Trafford is understood to be one of his main priorities.
Current United number 1 Edwin Van Der Sar has struggled with injury this season, whilst Ben Foster has failed to live up to expectations when given his chance. Despite the fact he is now 39, James is still considered by many, one of the best keepers in the league and in my view, United could do a lot worse than the former Manchester City and Liverpool keeper.
He won’t cost too much, probably near the £2 million mark and no matter what you say about him, he is a good keeper. James is now as short as 9/4 to make the move to Old Trafford in the coming weeks and to be honest, I wouldn’t bet against it.

Source:Manutdnewsnow


to me he is letting in to many goals but then agen pompeys defence is a mess.
would be nice to have englands number one all the same

One-time Manchester United target Douglas Costa has sprung a major surprise by signing for Ukrainian outfit Shakhtar Donetsk.
Last season's UEFA Cup winners have made a habit of recruiting high-profile Brazilians, with Elano joining Manchester City in big-money deals having first played for the club.
However, Costa's transfer from Gremio is a shock and puts on hold any thought Sir Alex Ferguson might have had of resurrecting a deal to bring the 19-year-old to Old Trafford.
At one stage last summer it appeared Ferguson would definitely sign Costa, only for the deal to go cold, amid concerns about the player's attitude.
United did invite the Brazilian Under-20 international to spend a short trial period with them. But Costa refused, preferring instead to remain with Gremio.
However, now he has agreed to make the big move from South America, as so many have done in the past, but join a relatively minor European league compared to Spain, Italy or England.
'I was not expecting it,' he said. 'I only thought of Gremio.
'Today I think about Donetsk and I'm extremely happy.
'That's two times they tried to sign me. I do not know if this is the right time to leave but I mostly thought about my family

source:manutd people

According to The Sun, Wayne Rooney will be named Manchester United captain once Gary Neville hangs up his boots at the end of the season.

Speculation is rife over Neville's future in the game, as his current contract expires in the summer and the Red Devils are yet to offer the veteran defender a new deal.

And having spent the entirety of his 18-year professional career at Old Trafford, it is highly improbable that the 34-year-old will look to join another club.

In any case, should Neville's time at United come to an end as and when expected, Sir Alex Ferguson is expected to hand the armband to his superstar striker.

Rooney has found another gear since Cristiano Ronaldo's departure for Real Madrid last summer, and his lead-from-the-front attitude has drawn praise from team-mates and outsiders alike.

Ferguson has often hinted that the England talisman could be his next permanent skipper, and once said: "Wayne is determined, hungry and has a desire to do well. He always tries no matter how the team is playing. These are wonderful qualities for a captain."

Now in his sixth season at United, 24-year-old Rooney has 112 goals to his name in 261 appearances.

Source:Goal.com