We'll keep splashing the cash on stars, vows Gill despite Man United's lacklustre start on New York Stock Exchange

David Gill has promised Manchester United will continue to invest in top-class players despite a disappointing start to the club's bid to raise money in America.
The Glazer family banked £75million from Manchester United’s controversial flotation on the New York Stock Exchange on Friday — but that was up to £30m less than expected.

Money matters: United Executives David Gill (right), Joel Glazer (centre right) and Avram Glazer (centre) prepare to ring the Opening Bell at the New York Stock Exchange

Avram and Joel Glazer rang the opening bell on Wall Street as 16.6 million shares, equal to 10 per cent of the club, were publicly traded.
However, the opening share price of £9 was lower than the £10-£13 initially proposed by the Glazers’ advisers.

At the top end, that would have allowed the American owners and United to split profits of £210m. Instead, the flotation is expected to raise a total of around £150m, with half going to the Glazers.
It gives United an overall market value of £1.5billion, which falls short of the £1.8bn the owners were believed to have quoted Qatar Holdings when they enquired about buying the club last year.
Chief executive Gill joined the Glazer brothers in applauding from a balcony at the New York Stock Exchange as shares in United were publicly traded for the first time in seven years while traders wore the team’s red kit.
And Gill believes Manchester United will continue to grow despite a disappointing share price when the club was listed.
'We fully understand and the owners fully understand that what happens on the pitch is crucial to us and we will make sure there are sufficient funds to invest in the team going forward,' said Gill.
He claimed the arrival of the Glazers and the debt the club subsequently incurred had not hampered the success Sir Alex Ferguson's men had enjoyed on the pitch. And he pinpointed the example of their shirt sponsorship deal with Chevrolet as proof that their growth revenue remained as strong as