Manchester United chief executive David Gill has insisted Manchester United have the capacity to compete financially with Manchester City.
City snatched the Premier League title from United’s grasp in the dying seconds of the final game of the season on Sunday, with two late goals enough for the Citizens to claim their first league crown in 44 years.
United’s rivals have spent a reported £345 million on players since the Abu Dhabi United Group’s takeover in 2008 on the likes of Edin Dzeko and Sergio Aguero, who both scored in extra time against QPR to secure the title on Sunday.
That level of spending prompted United boss Sir Alex Ferguson to declare that the Red Devils cannot live with the ‘stupid money’ and ‘silly salaries’ that City are prepared to pay in the transfer market.
The Citizens are expected to spend big once more this summer as they go in pursuit of Champions League success, and Gill says United are more than capable of matching their rivals when it comes to paying out for big-name signings.
"We can compete because our revenues are in the top three in world football and they are growing significantly in commercial and media areas," Gill said in the Independent.
"We can invest in players, transfers and contracts. We are a very attractive club, we pay good wages, we also have all the assets of being Manchester United that can get players in, whether it be Alex Ferguson with his record, playing with Ryan Giggs, or our history and heritage.
“Manchester United can and will attract some of the best players in world football, of that there is no doubt."
United have been linked with a host of top-name players in recent months, although their preference over previous seasons has been to snap up younger players with room to develop rather than go for leading players.