Manchester United chief David Gill says £100 million waiting for Sir Alex Ferguson to spend on new transfers. 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."