Ferguson says United have done all their shopping

By Chris Brereton

MANCHESTER, England (Reuters) - Manchester United will not be signing any more players ahead of the new season after being priced out of the market for France striker Karim Benzema, manager Alex Ferguson said on Monday.

Ferguson, speaking at the presentation of his trio of new signings Michael Owen, Gabriel Obertan and Antonio Valencia, said he was satisfied with his close-season business, funded by the record 80-million-pound sale of winger Cristiano Ronaldo to Real Madrid.

"I think that has concluded our business," Ferguson told reporters at the club's Carrington training ground.

"I think we are in the middle of a difficult summer in football where it is difficult to get value but I think we have got good value and this is the right way to go for us."

United have reportedly paid 19 million pounds for their three new signings -- 16 million to Wigan Athletic for Valencia and three million to Girondins Bordeaux for Obertan, while Owen arrived on a free transfer as he was out of contract having left Newcastle United.

United had been interested in signing striker Benzema, who completed his move from Olympique Lyon to Real Madrid last week.

"As far as we were concerned it was beyond our value," Ferguson said in relation to Benzema.

"People have got to try and put a value on players which they think is fair. They have done well to get 42 million euros for him.