14 Jul 2009

Man U won't be spending any more money

6:07 am on 14 July 2009

The Manchester United manager Alex Ferguson says they not be signing any more players ahead of the new English football season after being priced out of the market for France striker Karim Benzema.

Ferguson, speaking at the presentation of his trio of new signings Michael Owen, Gabriel Obertan and Antonio Valencia, says he's satisfied with his close-season business, funded by the record 205-million-dollar sale of winger Cristiano Ronaldo to Real Madrid.

United have reportedly paid 50 million dollars for their three new signings.

Ferguson says people have got to try and put a value on players which they think is fair.

Real have spent close to 450 million dollars over the past month on bringing in Ronaldo, Benzema, playmaker Kaka and defender Raul Albiol, leading Ferguson to question the "value" clubs were getting in the current transfer market.

He says everywhere, in England and Europe the value of transfers have shot sky high and he doesn't think they are realistic.

Ferguson says he's never going to be stupid... they got a wonderful sum of money from Madrid but there is no way he's going to throw that away.... he believes they've got value.