Manchester United boss Sir Alex Ferguson has defended his transfer policy.

Ferguson defended United's decision not to spend heavily on ready-made stars, like Wesley Sneijder, in recent years.

"We decided to create a structure with young players, like Wayne Rooney, Cristiano Ronaldo, Nani and Anderson, and we also knew we had some talented youngsters coming through the academy, like Danny Welbeck and Tom Cleverley," he said.

"All we've had to do since then is build things around a few young players. With that as our strategy we've not had to spend huge amounts of money to stay competitive because we've already got the talent at home."