New Red Devils boss David Moyes has been thwarted in his attempts to sign Barcelona midfielder Cesc Fàbregas, while Everton rejected a £28m bid for Leighton Baines and Marouane Fellaini on Monday.
And Schmeichel, who won five Premier League titles with the Red Devils, reckons the reigning Premier League champions should only sign the right player to improve the squad and not spend big to satisfy the club’s fans.
“I would never bring in a player to make a statement,” Schmeichel said.
“Maybe with a new manager and a new chief executive they feel a need to tell the fans Manchester United still have the power and money and can still sign the players.
“That is important because there are a lot of fans out there who are unsure about how financially strong Manchester United are and how committed the owners are to spend the money that is being created by the club.
“But the players have to be an improvement. If they are not of the right calibre you stay away from it.
“You don’t sign a player for the sake of it.”
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