Rooney Finally Signs for United

Rooney has signed for an initial £20 million that could rise to £27-£30 depending on United appearances and future success at Old Trafford. The deal also has a 25% sell on clause meaning if the Red Devils decide to sell the wonderkid, a quarter of the transfer fee would go straight to Everton.

United shrugged off competition from fellow Premiership rivals Newcastle United who big around £25 million for him a few days ago.

"I'm excited to be joining a club as big as Manchester United. I feel this can only improve my career," said the striker, who signed a 6-year contract.

The Euro 2004 star is currently injured with a broken toe bone but should be ready in a few weeks to make his debut.

Moments after United confirmed the capture, Sir Alex Ferguson said: "I am very excited. I think we have got the best young player this country has seen in the past 30 years," he said.

"Everyone is delighted by this signing."