Manchester United manager Sir Alex Ferguson insists he has not been told he cannot spend heavily in this summer's transfer window.
The Red Devils allowed Cristiano Ronaldo to join Real Madrid for a world-record fee of £80million in July as the Premier League champions finally agreed to sell.
It was thought that the profits generated from that sale would be used to reinvest, but the only significant expenditure has been on Antonio Valencia and Gabriel Obertan.
Rumours have suggested that United's owners, the Glazer family, have prevented Ferguson from investing, but the Scot insists that is not the case.
"Pay no attention to the cynics who have suggested our owners have stopped us spending," he told United Review. "Believe me, it was purely a football decision.
"Maybe it is the Scotsman in me but I believe in value, even when I am spending someone else's money, and the asking price for players we were looking at just wasn't realistic.
"What you must remember is that we are working from a position of strength.
"We don't suddenly have to splash out to try and compete at the top."