David Gill said: "You don't spend the type of money we have on two new players when you are not supporting your manager.
"Everyone associated with the club understands that success on the pitch drives everything.
"The Glazer family are very interested and supportive of what we are doing.
"They have said all along there would be money for players and have demonstrated that with these signings.
"We will also be making one or two very big signings in the summer.
"The players we want are playing in the Champions League so we will have to wait."
Gill said: "We are not interested in Gravesen. We have Vidic and Evra now but, as Alex says, it is clear we need to strengthen midfield."
Gill insisted there was plenty of money left, even after the recent signings.
He added: "We've not spent all of this year's transfer budget.
"Maybe people did not think we had money after the takeover. We will see what happens this summer but there's cash to spend."
The People claim that Fergie (if he is still around) will be given £35m to improve the midfield: