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Tuesday, July 14, 2009

Ferguson rules out more signings

MANCHESTER, England (AP) Alex Ferguson says Manchester United won't be signing any more players this offseason because of inflated transfer fees.

The United manager says the champion's transfer activity has "concluded" after capturing Michael Owen, Antonio Valencia and Gabriel Obertan.

Ferguson said Monday that fees have been inflated by the likes of Real Madrid, which bought Cristiano Ronaldo from United for a world record £80 million ($131 million).

Ferguson says it is "difficult to get value" and pulled out of a move for France striker Karim Benzema, who joined big-spending Real Madrid.

Madrid has spent $300 million on five players, taking on bank loans to afford the likes of AC Milan's Kaka as well as Ronaldo and Benzema.

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