Manchester United can attract best players says Gill

Manchester United chief executive David Gill insists the club can still compete with big-spending neighbours Manchester City despite being overtaken in the pay league.

City's wage bill of £133million has rocketed up £50million in the last year, overtaking United's £131.7million and the Eastlands club, bankrolled by Sheikh Mansour, are closing in fast on Chelsea.

United agreed a bumper new deal with Wayne Rooney last week but are still maintaining their policy of ensuring wages remain less than half their turnover.

Asked if he was concerned that United were now behind Manchester City in the wages league, Gill told Press Association Sport: "No not really - I'm not concerned by that as ever since we have been a public company we have had a policy that wages should be 50% or less of turnover.

"We believe we can do that and still retain and attract the stars we need on the pitch. We think that's the sensible model.

"Clubs have other models - that's their prerogative. Each to their own."

United have managed to match Chelsea on the pitch in terms of silverware since Roman Abramovich took over at Stamford Bridge.

Gill added: "That's exactly right - we have remained competitive."

United's latest financial figures earlier this month revealed that the club's wage bill is £131.7m. Chelsea's is £142m, City's £133.3m and Arsenal are fourth with £110m spent annually on salaries.

United's total wages are 46% of turnover - the lowest ratio among Premier League clubs, Arsenal have the next lowest ratio on 49% while City spend more on wages than their total revenue.

The healthy wages-turnover ratio is one of the reasons that United are confident that they will meet UEFA's financial fair play rules despite the sums they have to pay out in interest to service the loans taken out by the Glazer family when they bought the club in 2005.

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test