Ferguson vows to not spend
2009-12-12 - Added by
As rumours continue to circulate regarding a cash crisis at Old Trafford, Manchester United boss Sir Alex Ferguson has reiterated that he won't be spending big money in the near future.
The wily Scot hit back at claims that United were strapped for cash in a recent interview, but also stated that even though cash is available to use, he won't be emptying the Old Trafford coffers anytime soon.
His assertions are unlikely to quell the rumours that United are on the verge of meltdown however. Reports in some quarters insist the the Glazer family are struggling to manage the mountains of debt they have built the club on, and are furiously trying to re-negotiate a payment plan.
However, attempts so far have been unsuccesful, and the club's future isn't entirely safe until the Glazers recover their financial performance. The recent last minute withdrawal by United for a deal with Partizan Belgrade ace Adem Ljajic, was also rumoured to be cash related.
Fergie insisted though, that he simply wasn't investing currently because there is no value in the market. He also confirmed the club won't be buying Sol Campbell either.
“The money is there if I want to buy someone, there is no question
about that,” Ferguson said.
“Yes, we can
use the [Ronaldo] money. There is no bother. That’s a fact, but I’m not
thinking of buying in January.
“It’s been suggested we were moving for Sol Campbell — which was all
wrong — because we don’t have the money and we wanted to take somebody
“The money is there if I want to use it and it was there in the summer,
but I don’t think there is any value in the market, that is why I
didn’t buy anyone. I am happy with what I have brought to the club."