London, Dec 12(ANI): Manchester United manager Sir Alex Ferguson has said the 80 million pounds that the club received from the sale of Cristiano Ronaldo is available for investment and he can spend it if he wants to.
Ferguson also said that he has not spent the amount till now, as he believes the squad he has assembled is strong enough to cope with the demands of the championships, and due to the "silly season" values in the transfer market.
"The Ronaldo money is there if I want to use it. The money was there in the summer if I had wanted to use it. There is no bother. That is a fact. But, I didn't think there was any value in the market then and I don't see any value now. So, I'm not thinking of buying anyone in January. I'm happy with what I have brought to the club," The Daily Express quoted Ferguson, as saying.
"Last summer's deals did inflate the market. It was the silly season, with the prices paid for players. The prices we were quoted for players were not reasonable, in my opinion, and that's why I didn't do anything," he added.
Ferguson further said the amount quoted by Bayern Munich for Franck Ribery (60 million pounds), Valencia for David Villa (50 million pounds) and Wolfsburg for Edin Dzeko (30 million pounds) does not represent value for money and he will not buy when the window opens next month.
"There is a danger that this situation could continue for a while. There is the World Cup coming up. A young player could emerge in the tournament and there could be an escalation in his value," Ferguson said.
"But, it doesn't change my view that we must keep looking for value. I could spend the money, but I think value is important," he added. (ANI)