Manchester United manager Sir Alex Ferguson (centre) Peter Byrne/PA Wire

Transfer news: The Red Devils are looking to compete with the Blues

Manchester United manager Sir Alex Ferguson has insisted that the Red Devils will be challenging Chelsea in the transfer market.

The 19-times Champions of England have signed Shinji Kagawa and Nick Powell, while the Champions League winners pipped the Manchester giants to Eden Hazard and have also signed Marko Marin.

“Chelsea’s owners have got their enthusiasm back after winning the Champions League, there’s more expectation on them now,” Ferguson said.

“That was the trophy Roman Abramovich always wanted, so he’s invested in the team again this summer.

“It’s a challenge for us, and we always respect Chelsea. You just have to wait and see how good these players are.

“We’re not lying on our backsides doing nothing – we’re trying hard to bring other players to the club.”