"Was there a genuine desire on their part to conclude a deal with us? You would have to ask them."
Gill thinks a salary cap wouldn't work in
"You could not have a salary cap," he said. "It wouldn't just have to be Europe-wide, it would have to be worldwide. It is just not feasible.
"We will continue to compete because we have to try and attract the right players to United.
"We are one of the wealthiest clubs but we have always had a sensible benchmark of spending 50 per cent of our revenue on wages. If you get that balance right you are moving along properly. Not everyone wants to come to United.
"But if we continue to grow our revenue, that will deliver more profitable income, which we can then put into the players. Then we can continue to attract and retain the best players."
Capable hands also isn't sure of Real Madrid's business plan, ironic to say the least.
"I don't understand the economics of what Real Madrid are doing," Gill said. "Their turnover is not materially different to ours so I am not quite sure how they can make the profits to justify the salaries."