Michael Carrick insists Manchester United can compete with their Premier League rivals this season despite being out-spent in the transfer market. United brought in three midfielders over the summer at a cost of around £150 million ($202m).

Arsenal, Manchester City, Chelsea, Liverpool and Tottenham all invested more in transfer fees. But Carrick believes that despite the gulf his team can still match the traditional top six on the pitch. 'I certainly feel we can compete,' Carrick told a news conference ahead of United's trip to Everton on Sunday.

Carrick said he's 'largely happy' with his squad after the transfer deadline passed on Tuesday. He said United 'made the most' of the resources they had available to bring in Andrey Santos, Youri Tielemans and Carlos Baleba and suggested there is more to winning matches than just the cost of a team. 'Money is one thing, what you do with it is another thing,' the United boss added.