Too Much Money Being Spent on Football Transfers, Says Former Manchester United Manager Alex Ferguson

Manchester United broke the British-transfer record by signing Argentine winger Angel Di maria for 59.7 million pounds and agreed a loan deal worth 20 million pounds for Colombian striker Radamel Falcao from Monaco.

updated: September 04, 2014 20:00 IST
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Alex Ferguson Man United
Former Manchester United manager Alex Ferguson shared his thoughts on his former club's massive transfer spendings.


Nyon, Switzerland: Money is the name of the game but the huge sums spent on football transfers are jaw-dropping, coaching icon Sir Alex Ferguson said on Thursday.

Speaking two days after a wide-ranging study showed that transfer fee inflation in Europe's top leagues has hit 16 percent, and that his old club Manchester United paid tens of millions of euros above market rates for top purchase Angel di Maria, Ferguson said that was part and parcel of the sport.

"My personal opinion is that it's never going to change, the world is progressing, and transfer fees with it, and I don't know if there'll be an end to it," Ferguson said after chairing two days of closed-door talks with top coaches at the base of European football governing body UEFA.

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