My spending spree is over, says Ferguson

MANCHESTER United manager Sir Alex Ferguson insists he has closed his chequebook for the summer &ndash; despite landing &pound;80m from the sale of Cristiano Ronaldo.<br /><br />Ferguson yesterday officially welcomed close season signings Michael Owen, Antonio Valencia and Gabriel Obertan to the club.<br /><br />The trio cost little more than &pound;20m between them, but, having failed to land France striker Karim Benzema, Ferguson is adamant he will not plunder any more of the Ronaldo windfall.<br /><br />&ldquo;It is the end of our business, so all these stories about who we are supposed to be getting &ndash; forget it,&rdquo; said Ferguson. &ldquo;I feel we have a good squad, which meant there was no need for knee-jerk reactions.&rdquo;<br /><br />Benzema left Lyon to join Ronaldo at Real Madrid earlier this month, and Ferguson added: &ldquo;We asked about Benzema and we had a value for him but I think we took a sensible view.&rdquo;<br /><br />Owen, looking to revive his career after a disappointing spell at Newcastle that ended in relegation, is set to inherit Ronaldo&rsquo;s No7 shirt, and Ferguson backed the England outcast to rediscover his old form.<br /><br />&ldquo;Michael gives us experience in the penalty box, which is vital,&rdquo; said Ferguson. &ldquo;I know he will score a lot of goals for us. He has been great at that for years.&rdquo;<br /><br />Owen will replace Carlos Tevez in United&rsquo;s forward line, after the Argentine rejected a permanent deal at Old Trafford. Tevez confirmed his decision last month, but Ferguson said the news was no surprise after his text messages went unanswered.<br /><br />&ldquo;I think he did a deal around January,&rdquo; Ferguson said. &ldquo;I phoned him on holiday and he never got back to me and I texted him twice and he never got back to me then either.&rdquo;<br /><br />Former Liverpool trainee Owen&rsquo;s stock fell dramatically at Newcastle, but he insists he is far from finished.<br /><br />&ldquo;It does irritate me that so many people have doubts,&rdquo; he said.<br /><br />&ldquo;There&rsquo;s no doubt I have had injuries in my career. But I&rsquo;m 29 and have played over 500 games for club and country. That says it all.&rdquo;