Manchester United director Joel Glazer insists they have money to spend big in the summer market.
Sir Alex Ferguson's summer transfer war chest will not be damaged despite the club's parent company Red Football Joint Venture announcing losses of £108.9m, says the Manchester Evening News.
The club's controversial American owners - the Glazer family - set up Red Football in 2005 to finance the Old Trafford takeover.
United director Joel Glazer yesterday tried to reassure fans by saying the club has "sufficient cash reserves...for investment in the playing squad," despite the latest figures filed a Companies House which were for the 12 months ending June 30, 2010.
It is understood the Reds have £165m in the bank for Ferguson to strengthen his squad.
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