Danny Welbeck has moved to Premier League rivals Arsenal, but United have splashed the cash by sealing deals for Dutch utility player Daley Blind and Colombia striker Falcao, who has joined on a season-long loan.
United, yet to win in the Premier League under new manager Louis Van Gaal
and with no European football at Old Trafford, have spent big in a bid
to quickly get back on track following their seventh place finish last
season.
Van Gaal's summer spending spree surpassed £150m, with a British transfer record of £59.7m paid to lure Di Maria from Real Madrid. United also signed Ander Herrera, Luke Shaw and Marcus Rojo.
Phelan,
who was Sir Alex Ferguson's assistant, suggested it showed a lack of
faith in United's youth system, renowned in the past for its production
line of world- class talent like David Beckham, Ryan Giggs and Paul Scholes.
"Interesting how things have changed at Manchester United
now. A good young kid (Welbeck) coming through - part of the academy
system - and they've finally decided now that might not be the way to go
so they've moved him on," Phelan told BBC Radio 5 Live on Tuesday.
"Obviously
there is more and more money now in the game, looking further and
further afield for players but probably they have lost the way of
Manchester United a little bit in the fact that now rather than produce
it may be the case where they're buying in.
"One
of the issues of the Premier League at the moment, and with English
football at the moment, is getting them on to the football field,
promoting them that way and waiting for those opportunities, providing
the time and that hasn't happened."
Phelan
said United's big spending now reflected a philosophy of wanting
instant success under Van Gaal after the former champions stagnated
under Ferguson's successor David Moyes.
"It's
success now, and not later. In Danny's case. He's had a good run at it,
he's come through the system...there's other kids there now in the
system who will hopefully get a chance but there's been a lot of cash
splashed out in the transfer window and I'm sure that will only get
worse."
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