Manchester City are title favourites, says Sir Alex Ferguson

City are title favourites… but money can”t always buy success, warns Fergie

Sir Alex Ferguson has admitted for the first time that Manchester City are favourites to win this season’s title race, but warned his rivals that money cannot always buy success.

Roberto Mancini has led City to the summit of English football at Christmas for the first time in 82 years. They hold a two-point advantage over United going into Boxing Day”s fixtures and Ferguson admits that City’s superior spending power might prove decisive.

He said: ‘Money can buy success, as we saw when Chelsea became cash rich and we are witnessing a similar surge by City. Their clout has taken them to the top of the league and they are favourites to win the title.

Favourites: Sir Alex Ferguson believes leaders Manchester City are United

Favourites: Sir Alex Ferguson believes leaders Manchester City are United”s biggest title threat

‘But while recruiting some of the world’s leading players can lift you into contention, it doesn’t necessarily take you all the way.’

The Manchester United manager also insisted that the Glazer family will back him in the January transfer market if he wants to strengthen his squad, saying his reluctance to buy is based on the lack of quality players available rather than a lack of cash.

Warning: Manchester United boss Ferguson insists money doesn

Warning: Manchester United boss Ferguson insists money doesn”t always buy success

But with nine first-team players sidelined, the United boss has not ruled out spending.

He said: ‘If a top-class player became available we would go for him, or if we picked up any further serious injuries it might be important to add to our squad.

‘But contrary to what some people seem to be fixated about, money is not a problem. I will not be swayed by tweets and blogs urging the club to get busy in the transfer market.’