Yeah, we thought united's debt level indicated the same, yet somehow they managed to splash out. I am not saying that they will go for or get Downing, but I would definately not say that they won't spend more than 15 million on a player, especilly after they were confirmed to be after Mata, who weknow is valued at over 15 million and Arsenal know they would not get him for 15. Tome that shows that they are willing to spend.
The thing is united have stock pilled a load of cash from Ronaldo and a tight wallet the last two seasons. Them spending 60+mil still equates to them being in the black, albeit from a transfer point of view. This has been carefully choreogrphed by the Glazers to give the impression that they are 'splashing' the cash. In reality they are not, a Manu friend reckons between 40+60mil has gone missing even if they buy sneijder. He also reckons that money spent so far has not improved the team in the short term as the loss of Neville, Scholes, VDS, and the fringe players were better than new buys. Bizarre thoughts!