Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Manchester United set to break the bank  Join our daily free Newsletter

MENAFN - Khaleej Times - 24/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Glish giants are aiming to rope in marquee players Fans fill a section of the stands as united players arrive on the pitch for a training session at the rose Bowl in pasadena California. — AFP

Manchester United are prepared to break transfer records in order to give new manager Louis van Gaal the players he wants according to executive vice-chairman Ed Woodward.

The English giants have already spent over £50 million (85 million 63 million euros) on England left-back Luke Shaw and Spanish midfielder Ander Herrera and Woodward says that they are ready to spend even more.

Some of United’s European rivals have spent big recently. Real Madrid on Tuesday signed James Rodriguez from Monaco for a fee of around £63 million (107.4m) while Barcelona paid Liverpool around £75 million (127.8m) for Luis Suarez.

Asked if United were able to pay a similar amount for a player Woodward said: “It is in our capabilities. The club are not afraid of doing that — spending significant amounts of money in the transfer market.”

United are rebuilding under Van Gaal after a dismal 2013-14 season and Woodward says that in the context the club will have no qualms about sanctioning big-money signings.

“Whether it’s a record or not doesn’t really resonate with us” he added in comments reported by the British media on Wednesday.

“What resonates is a top top elite player that the manager wants that is going to be a star for Manchester United. We are in a very strong financial position. We can make big signings. I get pointed in the direction of a target that the manager wants and there is an assessment of what that might cost and I’ll negotiate hard to do the best I can on the trade.”

United have been linked with a host of players in recent weeks including Germany centre-back Mats Hummels Belgium defender Thomas Vermaelen and the Dutch trio of Daley Blind Stefan de Vrij and Kevin Strootman. Woodward endured a trying first close-season last year when United missed out on a succession of major targets and he admits he still needs to prove his worth to the club’s supporters.

“You gain credibility through experience and through time” said the former investment banker.

“You can’t expect credibility from day one and I wouldn’t ask that of the fans. You keep learning on the job and I’ll continue to learn for a long period of time. —


 


Khaleej Times




  MENA News Headlines
 Mar 4 2015 - FAO: Somalia Top Priority in Funding AppealSaudi Press Agency
(MENAFN - Saudi Press Agency) The U.N. Food and Agriculture Organization (FAO) said Tuesday that it has launched an emergency appeal for $697 million to help 30 million people in 31 crisis-hit ...

 Mar 4 2015 - Crown Prince Muqrin Meets with President of the Republic of KoreaSaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Muqrin bin Abdulaziz Al Saud, Deputy Premier, met with President Park Geun-hye of the Republic of Korea at her residence here today evening.During the ...

 Mar 4 2015 - Fludubai net profit surges 12.3 percent in 2014MENAFN
(MENAFN) Low-cost carrier flydubai announced posting an increase of 12.3 percent in its 2014 net profit as the Dubai-based airline expanded its network further, Gulf Daily News reported.The carrier ...

 Mar 4 2015 - Moroccan Prime Minister Meets with Turkish Deputy Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) Morocco's Prime Minister Abdelillah Benkirane met here today with Turkey's Deputy Prime Minister Numan Kurtulmus.During the meting, they discussed issues of common ...

 Mar 4 2015 - UAE Foreign Minister Meets with Oman's Minister Responsible for Foreign AffairsSaudi Press Agency
(MENAFN - Saudi Press Agency) UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met here today with Oman's Minister Responsible for Foreign Affairs Yusuf bin Alawi bin Abdullah.During the ...

 Mar 4 2015 - South African Firefighters Battle Wildfire for a Third DaySaudi Press Agency
(MENAFN - Saudi Press Agency) A wildfire burned for a third day around Cape Town's Table Mountain on Tuesday, injuring a firefighter as it caused an explosion at a lodge, an emergency services ...

 Mar 4 2015 - Crown Prince of Abu Dhabi Receives Luxembourg's Crown PrinceSaudi Press Agency
(MENAFN - Saudi Press Agency) Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of UAE, met here today with Crown Prince Guillaume of ...

 Mar 4 2015 - Yemeni President Receives British Ambassador in AdenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni President Abd Rabbuh Mansur Hadi received here today the newly appointed British Ambassador to Yemen, Edmund Fitton.During the meeting, they discussed development ...

 Mar 4 2015 - Palestinian President Meets with UN OfficialSaudi Press Agency
(MENAFN - Saudi Press Agency) Palestinian President Mahmoud Abbas met here today with Envoy of the United Nations Secretary General Ambassador Ahmad Handawi.During the meeting, they discussed issues ...

 Mar 4 2015 - QIB-UK opens its new HQ in LondonGulf Times
(MENAFN - Gulf Times) Qatar Islamic Bank (QIB) has opened the new headquarters in London for its subsidiary QIB-UK, whose focus is on supporting the investment and trade flows between the two ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help