Chief exec: Sir Alex Ferguson has money available

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Manchester United chief executive David Gill has revealed there is money to spend should Sir Alex Ferguson want to strengthen his squad ahead of the new season.

Young defender Chris Smalling from Fulham and Mexico starlet Javier Hernandez are the only two new arrivals at Old Trafford so far this summer.

The Red Devils have been linked with a host of big-name signings from across Europe as they attempt to win back the Premier League crown from Chelsea.

World Cup stars Mesut Ozil of Germany and Netherlands' Wesley Sneijder are two reported transfer targets.

But despite Ferguson keeping his powder relatively dry in the summer transfer market so far, Gill has revealed there are funds available to spend should he decide to strengthen his squad.

"The money is there if we believe there is a player who can improve what we believe is a very good squad," he told the Manchester Evening News.

"The team has been together for a number of years and done very well. In order to improve it a player has to be of a very high quality.

"Overall I think Sir Alex is very comfortable with the squad composition. That's not to say something won't happen, but I think it is a 'might', not a 'will'.

"We will see what happens over the next six weeks."

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