Ferguson: No more signings this summer
"We have a very good squad and there is no need to ever need a jerk reaction to losing Cristiano because we did very well to keep him for six years and it was his moment to leave and we allowed him to do that.
And despite the raising of many an eyebrow among the United faithful following Ferguson's acquisition of Owen, the Old Trafford supremo insisted the 29-year-old's experience will prove invaluable.
"What I have done is bring in some youth with Gabriel and Antonio and brought in an old codger like Michael just to balance things up.
"But experience is vital. Also with Michael you will see the experience he will give us in the penalty box. He will score goals because that is what he has been great at for years and years.
"You always had to be aware of him in his movement of his runs and the most difficult thing was the timing of his runs.
"I used to say that to the players, don't let him stand you in the penalty box, and he has always had that knack of losing defenders in the final third."
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