Manchester United boss Sir Alex Ferguson has been given £100 MILLION to spend this summer.

The Daily Mail says Ferguson has been given the warchest after he personally gave the order for Cristiano Ronaldo to be sold to Real Madrid.

And United last night prepared to enter a bidding war with Chelsea for France international Franck Ribery which could go as high as £65m.

Old Trafford boss Ferguson is also known to have Lyon's £25m forward Karim Benzema on his hit list and he hopes to conclude the £16m signing of Wigan's Antonio Valencia in the near future.