Former Manchester United manager Sir Alex Ferguson feels fortunate to no longer be involved in the sanctioning and negotiation of transfers given the ‘amazing’ fees being spent on the acquisition of players.
A staggering £835 million was outlaid by Premier League clubs alone in the recently closed summer transfer window, with some £150 million of this total cost being covered by Manchester United in a bid to rebuild the ‘broken’ squad inherited by Louis van Gaal.
Twice since Ferguson departed in the summer of last year have the club surpassed their previous transfer record, with David Moyes recruiting Juan Mata from Chelsea in January, before Angel di Maria’s arrival last month dwarfed that fee by over £20 million.
Only four times in over 26 years did Ferguson pay in excess of £25 million for a player, but this has happened on five occasions since he decided to retire from his position after Manchester United had won the title in 2013.
"Certainly it's amazing, the amount of money spent nowadays," Ferguson told reporters at the UEFA coaches seminar.
"My personal opinion is that it's never going to change, the world is progressing, and transfer fees with it, and I don't know if there will be an end to it. Fortunately, I'm not at the hub of it nowadays.”
Ander Herrera, Luke Shaw, Marcos Rojo, Angel di Maria, Daley Blind and Radamel Falcao arrived at Old Trafford before the transfer deadline in a bid to restore the club to former glories, and much will be expected of this Van Gaal era.
This new Manchester United regime will officially begin in the club’s next outing with all transfer activity now concluded, and Queens Park Rangers will be the opposition a week on Sunday.
Van Gaal was able to create a great deal optimism after they way he led the Netherlands at the World Cup, performances that continued into pre-season on his return to club football, but the bubble has been burst since the start of the competitive campaign.
A opening day defeat to Swansea was followed by a draw with Sunderland, before that Capital One Cup humiliation to League One’s MK Dons. Just one point was taken from the following fixture against newly-promoted Burnley, and the meeting with QPR suddenly feels like a must win game.