Manchester United will not be buying anyone in January - Sir Alex Ferguson
Sir Alex Ferguson has revealed that Manchester United will not be buying players in january, despite having the funds to do so.
UK had previously revealed that the Scot would have £50 million made available to him in addition to any money he makes by selling players. And this had been pivotal to Wayne Rooney committing to a new five-year contract at Old Trafford.
But the 68-year-old has no intention of making a move on any player during the winter transfer window, insisting that the return of Owen Hargreaves and Antonio Valencia should be enough.
"We won't be buying in January, definitely not," Ferguson said, according to the Daily Mail.
"You are limited because there are hundreds of players cup-tied for European football.
"There will be five months of the season left and we will be getting a new player back in February with Antonio Valencia returning from injury, and maybe another in Owen Hargreaves. With the squad I've got, I don't see any reason for us to buy anyone.
"There has always been money to spend but it doesn't necessarily mean there will be more transfer activity than normal in the summer. We will buy what we need to buy. We know what we need.
"There is always this issue if [Edwin] van der Sar, [Paul] Scholes, [Ryan] Giggs or [Gary] Neville were to retire but we've been aware of that for two or three years and we are well ahead of that. We know exactly what we have to do."
Ferguson also insisted that Rooney will take over a month to make a return from his ankle injury, after previously admitting that the 25-year-old's return could be delayed.
This effectively rules the forward out of the Manchester derby on November 10.
"It may be five weeks before Rooney's comeback because he will have to pick up his fitness again," Ferguson said. "I would think five weeks would be about right.
"There is no chance of the Manchester City game on November 10 coming into the equation. You want any player who has been out a few weeks to be 100 per cent and not breaking down. That is what happened to Ryan Giggs a couple of weeks ago."
But the 68-year-old has no intention of making a move on any player during the winter transfer window, insisting that the return of Owen Hargreaves and Antonio Valencia should be enough.
"We won't be buying in January, definitely not," Ferguson said, according to the Daily Mail.
"You are limited because there are hundreds of players cup-tied for European football.
"There will be five months of the season left and we will be getting a new player back in February with Antonio Valencia returning from injury, and maybe another in Owen Hargreaves. With the squad I've got, I don't see any reason for us to buy anyone.
"There has always been money to spend but it doesn't necessarily mean there will be more transfer activity than normal in the summer. We will buy what we need to buy. We know what we need.
"There is always this issue if [Edwin] van der Sar, [Paul] Scholes, [Ryan] Giggs or [Gary] Neville were to retire but we've been aware of that for two or three years and we are well ahead of that. We know exactly what we have to do."
Ferguson also insisted that Rooney will take over a month to make a return from his ankle injury, after previously admitting that the 25-year-old's return could be delayed.
This effectively rules the forward out of the Manchester derby on November 10.
"It may be five weeks before Rooney's comeback because he will have to pick up his fitness again," Ferguson said. "I would think five weeks would be about right.
"There is no chance of the Manchester City game on November 10 coming into the equation. You want any player who has been out a few weeks to be 100 per cent and not breaking down. That is what happened to Ryan Giggs a couple of weeks ago."
