Glazers vow to back Fergie

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Koen Freriks
22 december 2006, 08:50

Sir Alex Ferguson has been promised all the financial muscle he needs in order to keep Manchester United at the top of the Premiership pile.

Reports have emerged from a leaked document circulated this summer, around the time of the major refinancing of the loans Malcolm Glazer took out to complete his takeover of the club 12 months previously, that Ferguson's transfer spending has been capped at 25 million per year, while it is also suggested a 25 million 'superstar budget' also exists for a one-off purchase of a star name.

However, the Glazer family have been quick to reassure supporters that United remain able to compete for the best players. A spokesman for the Glazer family said: "Manchester United is the richest club in the world. If the manager feels the right player is available, Manchester United will always seek to secure him."

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