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United Have Well Over £100M In The Bank

United Have Well Over £100M In The Bank

David Gill made an attempt to ease the fans' concerns over the mounting debts, claiming that Sir Alex does have money to spend in the transfer market, as shown by the summer bid for Benzema and the signing of Chris Smalling from Fulham.

'We used £15million to buy Antonio Valencia and we have well over £100m in the bank sitting there.

'People look from the outside and say Alex has been under pressure. I think everyone who has dealt with Alex or seen him in the press knows he will not compromise what he wants to do for this club.

'If I went to Joel Glazer and said 'Alex wants a particular player, can we have the money?' The answer would be an unequivocal yes. They have demonstrated it.

'We didn't get Benzema but we did offer 35m euros.'


The last part is surely true: Lyon themselves said United had made an offer and Benzema also mentioned something. But well over £100m in the bank to spend on players? Quite simply, the figures do not add up even for and I'm no expert at finances. Quite simply, judging by the bond release, the summer activity, the financial reports one has to conclude that we have to be extra careful about our spending and we certainly can't splash £100m out on players.



Click here to join in the debate on the club forum.

Writer:Zae
Date:Sunday January 31 2010
Time: 11:13AM

Comments

0
We probably have got £100m in the bank. Its not our £100m, as its probably in the form of a loan which will just add to our debt. But technically, he probably isnt telling a lie.
tuscan3000
31/01/2010 13:39:00
0
If we have the money - why havnt' we bought David Silva or David Villa?
niteworlok
31/01/2010 16:53:00
0
i don't think david villa would be good for the system that sir alex wanted to play this season or silva.... I think sir alex's plan for this season is unfolding as players like rooney and nani start maturing and hopefully soon anderson....we really don't need anyone else....
ibrahiy
31/01/2010 18:26:00
0
I don't think not buying silva and villa is an indication of our finances. David Villas game is about pace, movement and finishing. His age means he will only get slower. You cant say either way how he would cope with the physicality of the premier league and having another small guy up front just makes us more one dimensional. At his age and price he is a massive gamble for any premier league team. Apart from having age on his side, you'd say the same about Silva (although I reckon he'd be the better signing of the two). I think the fact that both are still at Valencia says everything you need to know about why we didnt try to buy them. If they were that special City, Chelsea, Pool or Arsenal would have at least made a bid.
tuscan3000
31/01/2010 18:52:00
0
I would like to see a midfielder come before transfer window closes - but I dont think we will!
Lets see what happens though!
niteworlok
01/02/2010 00:01:00
0
the words smoke and mirrors immedietly spring to mind. 100m of extra debt maybe but anyone with eyes in his head can see that sir baconface is on a very tight budget. your minister of propoganda mr gill is not fooling anyone eccept those who want to be fooled . so lets all pretend that everythings hunkey dorey at the theatre of debt. after all the top brass would not lie to you would they
FERGIE SIGN HIM UP
01/02/2010 17:13:00
0
wheres this 700million debt come from then?
radders1990
02/02/2010 09:44:00
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