With £80million burning a hole in Sir Alex Ferguson’s sky rocket, TEAMtalk’s Ian Watson suggests what Manchester United could do with the cash.

With Cristiano Ronaldo destined for Spain and Carlos Tevez packing his bags, many say the duo’s exits are a sign that Manchester United’s dominance of English football has run its course.

Some people never learn apparently. Those writing off United have once again forgotten that in Sir Alex Ferguson, the Red Devils have at the helm the hungriest and most successful manager in English football. Armed with an £80million transfer warchest, the Scot will certainly fancy his chances of making it four-in-a-row next term.

However having the cash is one thing, spending it properly is a different kettle of fish.

Ronaldo’s exit leaves United short of not only a winger or a forward, but more importantly, a matchwinner. A star who can turn a game on its head with a flash a brilliance, a player who can be relied upon to haul the team out of trouble, which is a trick the Portuguese star has performed many times over the past three seasons.

The issue for Ferguson is, regardless of the size of the wedge burning a hole in his pocket, there are very few of those type or quality of players in the world game, and fewer still that might be available.

The Scot has had a year to plan for Ronaldo’s exit and it seems that he believes Frank Ribery is the best candidate to fill the number seven shirt at Old Trafford.

That makes sense. Ribery is a player who fits United style well. The Frenchman can play anywhere across the midfield, he’s direct, dominates the one v one and he gets goals. Sadly for Ferguson, all those attributes come at a heavy cost, with Bayern Munich rubbing their hands at the prospect of United, Real Madrid and Barcelona preparing for a bidding war.

The presence of the Spanish giants in the auction causes another major problem for Ferguson, and one he perhaps hadn’t accounted for. Ribery is said to prefer a move to La Liga to join the parade of the world’s finest players so the United boss will have to be at his most persuasive if the 26-year-old is indeed to grace the Theatre of Dreams next season.

If Ferguson can pull off the Ribery deal, much of the £80million received for Ronaldo would have to be deposited straight in Bayern’s bank account. But the spend cannot stop there.

Antonio Valencia is said to be a done deal but the Ecuadorian’s price tag (in the region of £16million) has raised a few eyebrows. Ferguson obviously rates the Wigan winger very highly, though, and with his style, versatility and age, the United boss sees Valencia’s potential as reason enough to splash the cash.

Valencia’s pace will also prove crucial next season. With Ronaldo occupying more of a central role for much of the last year, United often lacked a cutting edge in wide areas, which I believe goes a long way to explain their struggles in the final third last term. Valencia appears to be a slightly cheaper equivalent of Ashley Young, who Ferguson rates highly, and a more polished version of Nani, who stalled badly in what was a critical campaign for the Portuguese flyer last term.

Tevez’s exit leaves a much smaller hole than Ronaldo but a hole nonetheless. The Argentinian’s desire for a new challenge means United are now two bodies short in attack, and Ferguson knows he needs to bring in at least one forward to supplement Dimitar Berbatov and Wayne Rooney.

Karim Benzema has long been linked with the champions but I’m not certain he is the right man for the job.

First of all, he won’t come cheap. To get the Lyon striker, it will mean United having to break their £30.75m transfer record for a player whose record somewhat contradicts his lofty reputation.

The 21-year-old finished joint second in the Ligue 1 scoring charts last term with 17 goals in what isn’t one of the strongest leagues in Europe. There is no doubt Benzema has wonderful potential but for that amount of money, United need a more finished article and a player who can hit the ground running in the Premier League.

So what are the alternatives? Ferguson will have identified exactly what type of striker he needs, and in Berbatov and Rooney, he has two forwards brilliant at dropping off the front and playing deeper. What United lack, especially with Ronaldo gone, is an out-and-out goalscorer.

He doesn’t have to be tricky or cute outside the box. The United squad is overloaded with that type of player. He does, however, need to know how to work space in the penalty area and have the ability to finish the chances when they come along.

Again, there aren’t many around in world football that you wouldn’t have to break the bank for. Rooney looks likely to get his chance to shine in a central role next term so whoever comes in might have to be more content to conform to the needs of the squad more than Tevez apparently is.

With that in mind, I believe Ferguson could do worse than look to the North-East.

Tuncay was one of the few positives in Middlesbrough’s dreadful season and is thought of very highly within the game. The 27-year-old can finish, possesses the ability to play wide and leaves nothing in the tank when it comes to his work rate, which may go some way to appease the United fans who kicked up such a ridiculous stink over Tevez’s exit.

Tuncay is looking for a move away from Teesside and is available for somewhere in the region of £5million, a figure that would likely see United at least recoup their investment or turn a profit in the future. The Turk is cheap, but not as cheap as another goalscorer just a bit further up the A19.

Michael Owen has had a calamitous year and a shambolic stay at Newcastle. But the 29-year-old gets goals.

During his time on Tyneside, the former England striker found the net 26 times in 70 league appearances, a ratio of a goal every two-and-a-half games. That’s a not-too-shabby record for a forward playing in a wretched team.

Owen knows his way around a crowded penalty box and that can’t be questioned. The serious doubts remain over Owen’s fitness record and his desire to rediscover his former glories.

Yes, Owen would be a gamble but what do Ferguson and United have to lose? The former England striker has a lot to prove and if he is as keen to prove himself as he says he is, a hungry striker at the right side of 30, with 40 England goals and on a free transfer is far from the footballing equivalent of going all in with a dud hand.

It’s a maverick suggestion, but Ferguson has never been afraid to look beyond the obvious. Given his lack of other options, Owen would surely jump at the chance of playing for United on some kind of performance-related deal and if he can stay relatively fit, he would get goals in a side as creative as United.

A summer shopping haul of Ribery, Valencia, Tuncay and/or Owen would still leave United with loose change from the Ronaldo fee and go a long way to improving United’s fluency and potency in attack.

Ribery is the main man, though, and Ferguson must do whatever it takes to tempt the Frenchman to resist the lure of La Liga.

Miralem Pjanic claims Lyon team-mate Karim Benzema is close to completing a £38million move to Manchester United.

Benzema has been a long-term target for United, with Lyon prepared to listen to offers if the France international expresses a wish to move.

Reports had previously claimed that Benzema was willing to spend one more season with Lyon in order to maximise his prospects of playing at the 2010 World Cup.

However, he could now be on his way to Old Trafford after Pjanic revealed the 21-year-old is ready to link up with the Premier League champions.

“Benzema is nearly gone to Old Trafford,” Pjanic told Bosnian website Sportsport.

“The English club are willing to pay €45million (£38million) for him and it is just a question of the day when he will move to England.

“He does not have anything against going to Manchester. Our side will be reinforced by Lisandro Lopez, the Argentine forward from Porto.”

Real Madrid and Arsenal had also been linked with the striker, but it appears United have won the race to sign the coveted Benzema.

United boss Sir Alex Ferguson is striving to replace Carlos Tevez following the end of the Argentine’s two-year loan and Benzema looks to be his top target.

Ferguson has money to spend following the sale of Cristiano Ronaldo to Real Madrid and wrapped up the signing of Antonio Valencia from Wigan Athletic on Tuesday evening.

Sir Alex Ferguson has tipped new signing Antonio Valencia to make a significant contribution to Manchester United’s bid for an unprecedented fourth league title on the trot.

United confirmed their first summer arrival this evening as the 23-year-old signed a lucrative four-year contract.

Although the Red Devils have not specified a fee, it is believed they have spent around £16million of the world record £80million banked from the sale of Cristiano Ronaldo.

And, while it is not expected Valencia will represent the end of Ferguson’s spending, the United boss is already tipping the South American to make a big impact.

“Antonio is a player we have admired for some time now, having spent the last two years in the Premier League with Wigan,” he said.

“I am sure his pace and ability will make a significant contribution to the team.”

If nothing else, Valencia’s arrival ensures Wayne Rooney should be given the more central berth he craves next season as the Ecuador star is unlikely to venture into the middle quite as much as Ronaldo.

As he has already gone through the Premier League settling-in period after spending two seasons with the Latics, there are no worries over whether Valencia can adapt either.

His lack of English may be a concern initially, although the main doubt of most United fans is a goalscoring return of just seven in 83 appearances for Wigan and four in 34 for his country.

Even though few would expect Valencia alone to match Ronaldo’s phenomenal recent output, better will be expected from a player who spent a short time as a team-mate of former United star Diego Forlan at Villarreal.

Forlan’s experience proves players of high quality can struggle to make an impact at Old Trafford, although Valencia is looking forward to the opportunity.

“Joining Manchester United is a dream come true for me,” he said.

“I have enjoyed my time at Wigan but I am thrilled to have the chance to challenge for the biggest honours in club football here.

“Playing in front of 76,000 fans alongside players like Wayne Rooney, Rio Ferdinand and Ryan Giggs will be an amazing experience.

“I can’t wait to get started.”

The first Ecuadorian to play for United will get his first opportunity on a four-match tour of Asia next month, before the Red Devils head for a four-team tournament in Munich.

By the time Ferguson’s side wrap up their pre-season programme against Valencia at Old Trafford on August 5 and head to Wembley for the Community Shield showdown with Chelsea, Valencia will have expected to be accustomed to his new surroundings.

Having turned down an approach from Real Madrid, Valencia is clearly keen to make an impact, although it is a measure of the vast sums of money that has been spent at the Bernabeu, what would normally constitute a significant signing - and is a club record for Wigan - is almost being greeted with a shrug of the shoulders.

“I hope the fans at Wigan can understand that I am an ambitious guy and a chance like this might never come again for me,” said Valencia, who will be 24 next month.

“I am happy that the club has benefited from the move financially because I owe them such a lot. I have had a great time here.”