Man United to Spend Money

United prepare to spend againSir 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.