£100m United Kitty??

Manchester United have £100million to spend on players and there are no problems with their debt.

That was the astonishing claim from chief executive David Gill, who clearly does not understand what everyone is worrying about.

While recent figures revealed the Glazers' ownership had resulted in a £716.5m debt for all things United, Gill says it is half that. And while staff are denied tea and toast at the training ground, boss Alex Ferguson is sitting on a huge transfer kitty.

Asked if he still had the money from Cristiano Ronaldo's £80m sale, Gill said: "Without doubt. We used £15m to buy Antonio Valencia but we have well over £100m sitting in the bank." And he called talk of a £716m debt "a misconception", adding: "As of Friday last week, we had £140m of cash in the group, so our net debt within the group is £360m."
- Neil Custis, The Sun -