Sir Alex Ferguson gets ready to spend on Old Trafford additions.
Manchester United’s parent company Red Football Joint Venture may have just posted a loss of £108.9m, but according to the Manchester Evening News, their position in the transfer market is stronger than ever.
Sir Alex Ferguson reportedly has a £165m kitty with which he is free to spend, and with veteran players Edwin Van der Sar, Gary Neville, Paul Scholes and Ryan Giggs either retired, considering it or in the latter stages of their career, there is certainly a need for reinforcement.
Furthermore, the likes of Owen Hargreaves and Michael Owen could be allowed to leave in the summer, with their expiring contracts unlikely to be renewed.
“We have money in the bank so there is zero pressure on that, no pressure at all to sell any star player,” said chief executive David Gill.
“The philosophy is to retain and attract the best players. We have £165m in the bank.”
Sir Alex Ferguson will be licking his lips as he scouts out new talent and make no mistake, his Old Trafford squad could well do with some freshening up. A number of his squad are either hanging up their boots or getting nearer to doing so, a number of other players are seriously under performing and though Manchester United are having a very good season and still on course for a treble, the wily Scot will know how quickly things can change.
The likes of Gabriel Obertan, Bebe and Jonny Evans have all looked poor this season. Young midfielder Darron Gibson has improved and earned a new contract as a result. Ferguson will be looking to bring in a new keeper and perhaps a new centre back having seen his back line suffer through injury and a drop in form.
There will be some players he needs to look for long term replacements for, like Ryan Giggs and Paul Scholes and such additions will not come cheaply, especially in today’s inflated transfer market. Remember also that Ferguson has not really spent the £80m the club received from Real Madrid for Cristiano Ronaldo almost two years ago, and that money will have be burning a hole in the club’s pocket.
Whilst the club does have significant debts it does seem likely that the club’s sheer size and commercial pull is keeping the Premier League giants well about the water line. That said, one can understand how a great many supporters are not happy with the manner in which the Glazers are running things and clearly the longer they are saddled with these debts the more problematic things could become.