Former Manchester United boss, Sir Alex Ferguson, has admitted he was ‘amazed’ at the £150 million which the Red Devils have spend this summer.
The 72-year-old, who retired from the United job in May 2013, broke the British transfer record in 2001 when he signed Juan Sebastian Veron for £28 million, but said he is glad those days are over.
"Certainly it's amazing, the amount of money spent nowadays," he said, talking at the annual UEFA coaches seminar.
"My personal opinion is that it's never going to change, the world is progressing, and transfer fees with it, and I don't know if there will be an end to it. Fortunately, I'm not at the hub of it nowadays.”
The Scot also believes English sides will do well in the Champions League this season.
"From the English perspective, I think there's a strong case for Chelsea, Man City, Arsenal and Liverpool. Liverpool are improving and I think they will do well,” he added.
"The favourites must be Bayern Munich, Barcelona and Real Madrid. They consistently threaten every year.”
Do you think Sir Alex Ferguson would have spend as much as Louis van Gaal this summer? Have your say in the comment section below.