Manchester United Transfer News: On The Verge of Losing Luke Modric To Real Madrid

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Manchester United has failed to sign a world class player in the last few transfer windows after the club was taken over by the Glazers. United is also mired in a current debt of £500m. As a result, the Glazer family has not been able to make an impact in the transfer window like other wealthy owners are making at the moment.

Several top class players have also snubbed United to join other clubs. Dimitar Berbatov was the only player when United have spent £30.75m, which was an exception from the United rule. United needs to find a quick solution for the ongoing issue, if they hope to avoid what has happened to Arsenal.

With United losing the Premier League title to their Noisy neighbors Manchester City, Sir Alex Ferguson is in dire need to strengthen his squad in order to regain their dominance in English Football and give tough competition in Champions League.

However, the misery for United still continues as they are on the verge of losing another transfer battle where the Croatian playmaker Luka Modric is likely to join the Spanish giants of Real Madrid. Luka Modric would hand over a formal transfer request to Tottenham Hotspurs as he has made his desire to leave the club.

The Sun claims the Croatian midfielder's agent has already held talks with Madrid and said a proposition will be made to Spurs in the next few days. The Croatian midfielders' agent has already held talks with Madrid and said a proposition will be made to Spurs in the next few days. If United fail to sign Modric, he would join the long list of top class players were United have failed to sign.

Karim Benazama was on the verge of signing with United before he was hijacked by Real Madrid in 2009. David Villa was another player who chose to join Barcelona rather than United in 2010.

Samir Nasri was another player who was linked with United during the beginning of last summer Transfer window but finally chose to join Manchester City. The Dutch playmaker Welsey Sneijder was linked to join the red side of Manchester throughout the summer transfer window and also during the January transfer window. Reports claimed United and Inter Milan had agreed to terms but the deal could not progress due to player's high wage demand.

United had another shocker during the current transfer window where the Belgian star Eden Hazard chose to join the Champions League Winning side and Snubbed United. With all these top class player rejecting to play in Red and White for Manchester United,

The English giants have managed to win a Champions League final and runners up twice in last six years. Since the departure of Cristiano Ronaldo, United has not made a major signing.

Will United manage to rise again with the existing squad or will Ferguson go in search of another top class player to build another Champions League winning side? Time alone will tell as United and Ferguson are famous for their comebacks and when United makes a comeback they will make it in style.