Skip to content
Thursday 10 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,611.33
-0.55%
DAX
25,469.60
-0.42%
CAC 40
8,138.61
-0.22%
STOXX 50
6,279.18
-0.51%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 17 August 2010 7:36 pm  |  Updated:  Thursday 30 May 2019 10:34 pm

Ferguson blasts rivals for kamikaze spending sprees

By: KCS-content

Add as a preferred source on Google

MANCHESTER United boss Sir Alex Ferguson has launched a thinly-veiled attack on Manchester City by accusing some Premier League clubs of “kamikaze” spending.

Ferguson did not mention the Sheikh Mansour-backed Eastlands outfit by name as he railed against mega-rich owners splashing their millions with little restraint.

But it is widely believed he was referring to his local rivals, who yesterday took their
summer spending to £125m by signing England midfielder James Milner.

“Over the last two or three years we have seen very wealthy owners become part of football clubs and therefore go on this kamikaze effort to spend their money,” said Ferguson.

“It is amazing the amounts of money that are being bandied about in the present day game. I don’t see it abating. The kind of spending we are seeing at the moment will be here for two or three years, until such time as they understand you can’t necessarily achieve all the time by spending.”

Ironically, Ferguson made his remarks about reckless spending at a media conference to present Bebe, a player he admits he signed without ever seeing him play, live or on video.

“On this occasion I didn’t watch him,” he said of the Portuguese striker, a £7m arrival from Vitoria Guimaraes. “It’s the first time I’ve done it. Normally I see plenty of video footage but our scouting department is very good and sometimes you have to go on instinct.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • NULL

Trending Articles

  • Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis

  • Airport chaos latest: Heathrow, London City ‘starting to recover’ after air traffic control failure

  • Hedge fund billionaire Chris Rokos joins UK wealth exodus 

  • Primark sales slip as owner dresses up retailer for demerger

  • Five lenders hike mortgage prices as interest rate threat looms

More from Morning Wire

  • FOMO drives Premier League clubs to new record summer spending of over £3bn

    Sport Business
    Two male soccer players, one in a red Belgium jersey and one in a white Iran jersey, compete for a ball mid-air.
  • Old Spice Trafford: Which brands could splash £150m sponsoring Manchester United’s new stadium?

    Sport Business
    Football match in a stadium, Sir Alex Ferguson Stand visible on the roof, with fans and players on the field.
  • Why Manchester City’s £86m Bouaddi signing should ring alarm bells in French football

    Sport Business
    A male soccer player with long dark curly hair in a white LOSC Lille jersey adjusts his hair on the field.
  • Ipswich, Hull and Coventry follow Sunderland blueprint for Premier League survival

    Sport Business
    Footballer in a blue jersey celebrating on his knees on a green field with fans in the background.
  • Are financial rules fuelling the Premier League’s record transfer spending?

    Sport Business
    Emiliano Martínez in a blue and white tie-dye Aston Villa goalkeeper kit with BingX sponsor logo and white gloves.
  • Liverpool’s £123m Bradley Barcola signing takes Premier League spending to £3bn

    Sport Business
    Bradley Barcola in a blue football jersey with BARCOLA 12 on the back, celebrating on the field.
  • Revealed: BBC bid just £900k for £5m Commonwealth Games TV rights

    Sport Business
    Jake Wightman and other male athletes compete in a track event at the Commonwealth Games, with spectators in the stands.
  • Premier League: US owners dominate over half of 20 clubs

    Sport Business
    Shahid Khan, businessman, smiling and wearing a bright blue scarf, looking to the right with a blurred background.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook