Van Gaal: Giggs is my successor

Manchester United boss Louis Van Gaal has dismissed Manchester United's title chances, while admitting his successor would be none other than Ryan Giggs.

Despite the Premier league season only being four games in, Van Gaal claimed United would finish 'second or third' but 'compete' for every trophy this season after speaking to English press at a supporters event on Wednesday night.

This will leave the Dutchman with one season to win the Premier league title as he reiterated he would retire in 2017, paving the way for his assistant, Ryan Giggs, to take up the reins once again. United's most decorated player is the next manager – 'no ifs or buts', Van Gaal said.

Van Gaal also confirmed teenage striker James Wilson would be leaving Old Trafford on loan to the Championship and that Andreas Pereira would fill the void left by Adnan Januzaj's departure to Dortmund.

With many critics believing United lack firepower up front, with just Wayne Rooney and Marouane Fellaini as options, LVG was quizzed about his signing of the inexperienced Anthony Martial from Monaco.

Van Gaal said: "Yes, I spend a lot of money on Martial – but I buy him for my successor, Ryan Giggs."

Manchester United will look for a win against their fiercest rivals, Liverpool, when they welcome Bredndan Rodgers' men to Old Trafford this weekend following an unconvincing start for both sides in the new campaign.