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<P class=big>Manchester United chief executive David Gill believes that the club is in good shape under the ownership of the Glazers.
The American family were strongly opposed when they took over at United last summer, with fans fearful about how much they would interfere with the club and what damage they could do financially.
However, Gill is convinced that The Red Devils are a more effective force in private ownership than they were as a Stock Market-quoted company.
"One year on, the scare stories have proved unfounded and the club is in good shape to face the various challenges both in the Premier League and Europe," he said.
"There was a lot of comment about the takeover but the Glazer family have let us get on with running the club.
"People understand they are here for the long-term. They are investing for the long-term and we are looking to produce results, on and off the pitch, to justify that investment."
The recent restructuring of debts taken on by Malcolm Glazer has seen the actual sum owed by the club rise to a £660million, but at the other end of the spectrum the businessmen have helped to secure a lucrative shirt sponsorship deal and an improved TV contract.
Old Trafford's capacity has also been expanded to 76,000 to bring in some additional revenue.
Funds were provided for Michael Carrick's £18.6 million switch from Tottenham, but Gill is not looking for United to compete with Chelsea in the transfer market.
"Chelsea do what they do and what they can afford," Gill told BBC Radio Manchester.
"We have to do what Manchester United does best.
"Increasing the capacity of the stadium produces a lot of revenue for us. We will also continue to bring young players through the academy and we will compete in the transfer market as we see fit."
Gill believes that United possess the quality to challenge for The Premiership title this season.
"If you look at the players in our squad, the likes of Wayne Rooney, Rio Ferdinand, Cristiano Ronaldo, Ryan Giggs and Paul Scholes, we have a lot of players many teams would envy.
"We are not saying we cannot compete because we feel we can.
"We have the team to compete, the squad to compete and we are looking forward to the new season."
The American family were strongly opposed when they took over at United last summer, with fans fearful about how much they would interfere with the club and what damage they could do financially.
However, Gill is convinced that The Red Devils are a more effective force in private ownership than they were as a Stock Market-quoted company.
"One year on, the scare stories have proved unfounded and the club is in good shape to face the various challenges both in the Premier League and Europe," he said.
"There was a lot of comment about the takeover but the Glazer family have let us get on with running the club.
"People understand they are here for the long-term. They are investing for the long-term and we are looking to produce results, on and off the pitch, to justify that investment."
The recent restructuring of debts taken on by Malcolm Glazer has seen the actual sum owed by the club rise to a £660million, but at the other end of the spectrum the businessmen have helped to secure a lucrative shirt sponsorship deal and an improved TV contract.
Old Trafford's capacity has also been expanded to 76,000 to bring in some additional revenue.
Funds were provided for Michael Carrick's £18.6 million switch from Tottenham, but Gill is not looking for United to compete with Chelsea in the transfer market.
"Chelsea do what they do and what they can afford," Gill told BBC Radio Manchester.
"We have to do what Manchester United does best.
"Increasing the capacity of the stadium produces a lot of revenue for us. We will also continue to bring young players through the academy and we will compete in the transfer market as we see fit."
Gill believes that United possess the quality to challenge for The Premiership title this season.
"If you look at the players in our squad, the likes of Wayne Rooney, Rio Ferdinand, Cristiano Ronaldo, Ryan Giggs and Paul Scholes, we have a lot of players many teams would envy.
"We are not saying we cannot compete because we feel we can.
"We have the team to compete, the squad to compete and we are looking forward to the new season."
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