Sir Alex Ferguson insists he will not be "stupid" with the £80million windfall he received for the sale of Cristiano Ronaldo.
Some Manchester United fans are bound to be alarmed and disappointed in equal measure that Ferguson has declared his summer transfer business over, even though he has only signed three players, the most notable being Michael Owen, who has arrived at Old Trafford on a free transfer.
"I can only placate the fans this way and say I am not going to be stupid," he said.
The Glazer family have already insisted Ferguson will get whatever cash he feels is required to strengthen a squad that next season will bid for an unprecedented fourth straight league title, as well as a place in the Champions League final for the third year in a row.
Ferguson did little to counter that stance, hinting that the decision not to invest the type of huge sums that have been spent by Real Madrid come from his own desire not to waste money in a massively inflated transfer market.
He added: "We have got that wonderful sum of money from Real Madrid but there was no way we were going to throw it away and put an extra nought on the end of the transfer which I didn't think was value."
The case of Karim Benzema was a case in point. With Ronaldo and Carlos Tevez both heading for the exit door, Benzema was top of Ferguson's wish-list. At 21, and with Champions League experience already under his belt at Lyon, Benzema would have fitted perfectly into Ferguson's grand plan.
The initial overtures from Old Trafford received a positive response. Then Real Madrid made their move, taking the fee way beyond £30million, to a sum Ferguson felt was unreasonable.
"People have to try and put their own value on players," said Ferguson.
"Lyon may think we under-valued him and that is fine but they have done well to get 32million euros."