Schmeichel feels it's good business for United.
"I don't think it is a gamble," the former goalkeeper told talkSPORT.
"They didn't pay a transfer fee for him, it's a one-year loan deal and they can assess him in that year before they decide whether to buy him or not. If he stays injury free then surely they'll take the option.
"I think it's a clever bit a business from the club, he's a world class player and, while I appreciate the injuries he's had, don't forget that much of the build-up to the World Cup was about him.
"People were so excited to see Falcao and Colombia play and so many thought they had a great chance to win the World Cup because of him. They ended up doing so well without him, but imagine how far they would have got with him in the team."
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