Source: Daily_Mail
Manchester United boss Sir Alex Ferguson targets Liverpool keeper Pepe Reina
Sir Alex Ferguson is expected to be given at least £50million to spend in the transfer market and is targeting Liverpool's Pepe Reina as a replacement for goalkeeper Edwin van der Sar.[LNB]The Manchester United manager is prepared to hold fire until the summer, when the Glazer family will let him dip into the transfer fund they have accumulated.[LNB] Reina raid: United boss is lining up a big money move for the Spanish keeper[LNB]A £20m move for Reina is expected then, although the club are also monitoring Atletico Madrid's David de Gea, who would cost £17m. [LNB]Reina is known to be unsettled at Liverpool, who are well off the pace for a Champions League spot, and Van der Sar, at 40, is coming to the end of his top-flight career. [LNB] Rival: Atletico's De Gea is also being monitored by United[LNB]United's debts reached £750m before a recent repayment of £249m and they recorded losses of £83.6m in their last accounts. [LNB]But the club have cash reserves estimated to be £120m thanks largely to the £80m sale of Cristiano Ronaldo to Real Madrid last year. [LNB]That money will diminish as the season goes on but £50m is thought to be set aside for new signings. [LNB] Cash reserves: Joel and Avram Glazer have freed up funds for transfers[LNB]The Glazers appear to have paid off the highest interest chunk of United's debts, the payment-in-kind (PIK) loans, themselves rather than rely on an outside investor.[LNB]Rumours that Qatar International Holdings might have settled them in return for a stake in the club were discounted after the Glazers issued just two extra shares to cover the amount. [LNB] They are thought to have paid off the PIK loans by selling some assets, using cash reserves and arranging alternative credit. [LNB]But if they secured the new loans against the shares in their holding companies registered in the USA, then there would be a legal requirement for them to reveal the extent of their debt. [LNB] Michael Owen won't leave Manchester United, insists FergieSir Alex Ferguson: Players are softer these days but my desire is just the samePatrick Collins: From the fall of Wayne Rooney... to the rise of Graeme McDowellTorres has been unlucky - he will come good and score goals, insists HodgsonLIVERPOOL FC
