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Man Utd's Ferguson forced to wind back transfer plans

• jonchao72

  16 Jun 08, 17:45

  Man Utd's Ferguson forced to wind back transfer plans

  Manchester United boss Sir Alex Ferguson is having to wind back his transfer plans this summer, it has been revealed.

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  The Sunday Mirror says the United boss was allowed to broker deals worth £50m to bring in Owen Hargreaves, Anderson and Nani last summer.

  And 12 months on, most of the cash on those deals is now payable to Bayern Munich, Porto and Sporting Lisbon respectively.

  United must also decide in the coming months whether to pay £25m to Media Sports Investments to secure Carlos Tevez on a permanent deal.

  United banked more than £40m from their Double triumph, but the realities of the worldwide credit crunch are starting to bite.

  The Glazer family, who own the club, have racked up debts which stood at £665m last year - with interest on those borrowings now running close to the £100m-a-year mark.

  Ferguson is looking to raise cash to bolster his transfer funds. But there have been no takers for Louis Saha due to his dire injury record at Old Trafford, although Gerard Pique has been sold to Barcelona for £4.9m.

  ...

• haoguanghg

  16 Jun 08, 20:10

  I don't know when we'll be able to repay our debts man. Hope we won't end up like Leeds United.

• kajagugu

  16 Jun 08, 21:37

  they have to spend less, must get cheaper players. why not let the young-ones have some playtime?

   

  wage bill hard to reduce to suit the superstars in the squad.... 

• iceFatboy

  16 Jun 08, 23:45

  Originally posted by kajagugu:

  they have to spend less, must get cheaper players. why not let the young-ones have some playtime?

   

  wage bill hard to reduce to suit the superstars in the squad.... 

  I think SAF tried to give the youngsters a chance but I think they may not have performed..

  like Pique, and that's why he was sold le..even though he is young.

• gigabyte14

  16 Jun 08, 23:49

  no eagles

• hiphop2009

  16 Jun 08, 23:50

  Originally posted by kajagugu:

  they have to spend less, must get cheaper players. why not let the young-ones have some playtime?

   

  wage bill hard to reduce to suit the superstars in the squad.... 

  
  just hope someone will buy over man utd again to cover those debt~

• pigsticker

  16 Jun 08, 23:57

  Originally posted by hiphop2009:

  
  just hope someone will buy over man utd again to cover those debt~

  you mean cover it with more debt??

• iceFatboy

  17 Jun 08, 20:39

  ask gates or buffet whether they keen??