Fergie scoffs at spending squeeze

Sir Alex Ferguson has laughed off suggestions that money is tight at Manchester United because of their massive debts. According to reports, the fact that the club have only spent £20m of the world record £80m fee received from Real Madrid for Cristiano Ronaldo suggests Fergie is under a spending squeeze. The fiery Scot, however, claims he is not spending because there is no value in the market."We have got the money. There is no question about that," said Ferguson on Friday. "I just don't see that player who can make a difference for us in terms of value or ability." United have bought in January in the past with Nemanja Vidic, Patrice Evra, Louis Saha and Andy Cole all arriving for big money at the turn of the year.