Manchester United are in a position to be able to spend more on player recruitment, should the need arise, according to chief executive David Gill.
United's finances face constant scrutinisation and came under the microscope last week after the Commons Culture, Media and Sport produced a 116-page document which raised major concerns over the amount of money clubs borrow.
United have already spent more than £50m this summer with the signings of David de Gea from Atletico Madrid, Ashley Young from Aston Villa and Phil Jones from Blackburn Rovers. Sir Alex Ferguson has also been linked with a big money move for Inter Milan's Wesley Sneider and Gill has confirmed that money is there should it be needed.
"We are producing record turnover and record profits and we can meet our obligations," Gill said on the BBC's website.
"We have been clear all along. There is money in the bank. Some people have not believed us but if a player is required to improve the squad and challenge for top honours, the money is there.
"That is still the case. We are not afraid to spend big money on players of a certain age."