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03/08/2012 09:02

Papers: Reds to spend?

James Ducker writes in The Times

United prepare to spend again
Sir Alex Ferguson could be about to spend up to a further £40million in the transfer market this summer, according to Manchester United's chief operating officer. Speaking in a 36-minute video presentation that is being shown to investors on the club's global marketing roadshow ahead of a proposed flotation on the New York Stock Exchange, Michael Bolingbroke has given the firmest indication yet that there will be more significant spending at Old Trafford before the close of the transfer window at the end of this month. Bolingbroke told investors that while United believe their average net spend of between £20m and £25m per year over the last 10 to 15 years was "sufficient going forward as a guide", the club was "giving guidance at the moment that the current transfer period could result in net expenditure nearer £40m".Although United have already paid down about £15m to sign Shinji Kagawa and Nick Powell from Borussia Dortmund and Crewe Alexandra respectively, the club are on course to largely offset that sum through sales, meaning more big-money arrivals are anticipated.

Elsewhere, The Mail report Real Madrid are keen to lure Reds winger Nani to the Spanish capital for a fee close to £20m, while there's also widespread coverage of Sir Alex Ferguson's statement yesterday, issued in response to claims he would benefit personally from the club's proposed flotation.

More: Latest transfer speculationPapers: Giggs an example | Chicha: Trophies, not goals

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