Manchester United boss Sir Alex Ferguson has urged fans not to panic after the departures of Cristiano Ronaldo and Carlos Tevez.

He said: "It's always been the case that Manchester United have to pay a bit extra. But this summer we were not prepared to do that because we have got some very good young players.

"There didn't need to be a kneejerk reaction to losing Cristiano Ronaldo. We did very well to keep him for six years. He wanted to go, and we allowed him to do that.

"We shouldn't panic because one or two players are leaving. I think we have a very, very good squad with good young players in all positions."