Ferguson shocked at rivals’ spending

Manchester United manager Sir Alex Ferguson has spoken of his shock at the ‘kamikaze’ spending habits of rival football clubs.

Although Ferguson did not mention any club by name, it is fairly certain he was referring to Manchester City, who, after the capture of James Milner in a deal worth a reported £26 million, have taken their summer spending spree to an astounding £125 million.

And the United boss is amazed at the reckless spending habits of some football clubs and doesn’t believe that these habits will come to an end in the near future.

“Over the last two or three years we have seen very wealthy owners become part of football clubs and therefore go on this kamikaze effort to spend their money,” he said.

“It is amazing the amounts of money that are being bandied about in the present day game.

“Some people may think it could be dangerous. But if they have that kind of money, they are certainly using it.

“I don’t see it abating. The kind of spending we are seeing at the moment will be here for two or three years, until such time as they understand you can’t necessarily achieve all the time by spending.”

Ferguson was speaking at the unveiling of Manchester United’s three summer signings – Chris Smalling (20), Javier Hernandez (22) and Bebe (20), who are all a reflection of a transfer policy which has seen United invest heavily in youth in recent seasons.

Ferguson believes that such a policy is a beneficial one, both from a financial point of view and because of the fact that it helps build a loyalty between the player and the club.

“Young players develop if you are looking after them properly,” he said.

“They do have a loyalty because they appreciate the education you give them as coaches.

“How we treat players is important.

“It is difficult to know what other clubs think. We are just the type of club who can do it.

“The foundations of this club were built on young people, going back to the 1950s. It has not really left.

“Maybe the difference is that other clubs don’t have the consistency in manager and staff that Manchester United have.”

Ferguson, however, hasn’t ruled out signing a more mature player to add to his squad if necessary.

“There will be a time when we have to buy a more mature player,” Ferguson said.

“At the moment, this is a young players club. But they will grow old too. In 10 years’ time, we will be looking to replace them.

“Hopefully they are there in 10 years’ time. That is the object in terms of having a long-term vision for the club.”