ED WOODWARD insists Manchester United are ready and willing to break the British transfer record if new manager Louis van Gaal decides they need to.

Woodward endured a frustrating first summer as United’s executive vice-chairman last year, as mooted transfers for Cesc Fabregas, Thiago Alcantara, Gareth Bale and Cristiano Ronaldo failed to materialise.

United have paid upwards of £50m for Luke Shaw and Ander Herrera, but as has been the case for the last few years, the biggest transfers have taken place away from Old Trafford this summer.

Real Madrid signed James Rodriguez for £63m and Barcelona paid £75m for Luis Suarez.

When asked whether United would be willing to pay a similar amount for a player, Woodward said: “It is in our capabilities. The club are not afraid of doing that – spending significant amounts of money in the transfer market.”

Woodward insists neither he nor the club would be fazed about being responsible for any big deals.

“Whether it’s a record or not doesn’t really resonate with us,” Woodward said.

“What resonates is a top, top elite player that the manager wants that is going to be a star for Manchester United.

“We are in a very strong financial position. We can make big signings.

“I get pointed in the direction of a target that the manager wants and there is an assessment of what that might cost and I’ll negotiate hard.”

United are interested in signing Mats Hummels from Borussia Dortmund.