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Man United have transfer funds reiterates David Gill

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Manchester United's chief executive and board member of the F.A, David Gill has re-iterated the fact that manager Sir Alex Ferguson will have the necessary funds to strengthen his squad this summer. The English giants need reinforcements in their bid to regain the Premier League title and European success after only their 5th trophy-less season in two decades.

Speaking after the club's player of the year awards Gill told MUTV that he along with other members of the club agreed United had underperformed in Europe this year but were willing to move on and come back fighting strong next season. Speaking on the transfer developments, Gill explained that United's chief scout Jim Lawlor along with his scouting team and Ferguson had identified potential targets and work was about to be intensified in terms of their deals. Gill also admitted the fact that Sheikh Mansour owned City had raised the limit in terms of player salaries and transfer fees but United themselves were more than decent paymasters along with being one of the top three in terms of turnover.

Ferguson, quite expectedly, played a much sharper tune to his neighbour club's spending, terming it as stupid and silly. He too, admitted that his players were still feeling the sting of Sunday's drama but responded that the bitterness of falling short would inspire his young side to compete for greater glory in the future.

United's list of targets is rumoured to have Dortmund trio of Shinji Kagawa, Robert Lewandowski and Mats Hummels, along with Lille's Eden Hazard, all of whom have been personally scouted by Ferguson.

Meanwhile, City chairman Mubarak, glowing in his team's new found success, hinted that his team will now be looking to build on the nucleus they have formed in the past few seasons rather than going for broke in the transfer market yet again.