Man
Utd's Ferguson forced to wind back transfer
plans
Manchester United boss Sir Alex Ferguson is having to wind
back his transfer plans this summer, it has been
revealed.
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The Sunday Mirror says the United boss was allowed to
broker deals worth £50m to bring in Owen Hargreaves, Anderson and
Nani last summer.
And 12 months on, most of the cash on those deals is now
payable to Bayern Munich, Porto and Sporting Lisbon
respectively.
United must also decide in the coming months whether to
pay £25m to Media Sports Investments to secure Carlos Tevez on a
permanent deal.
United banked more than £40m from their Double triumph,
but the realities of the worldwide credit crunch are starting to
bite.
The Glazer family, who own the club, have racked up debts
which stood at £665m last year - with interest on those borrowings
now running close to the £100m-a-year mark.
Ferguson is looking to raise cash to bolster his transfer
funds. But there have been no takers for Louis Saha due to his dire
injury record at Old Trafford, although Gerard Pique has been sold
to Barcelona for £4.9m.
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