According to the Sheffield Star, Sheffield United manager Chris Wilder has defended his club's relatively frugal approach to this summer's transfer market. 

The former Northampton Town manager, who guided his side to promotion to the Championship in his maiden season at Bramall Lane, has stated his belief that the Blades will still be able to compete in the second tier.

That is without spending the huge sums that have been banded around in the division during the summer transfer window - Wolves broke the divisional transfer record to bring Ruben Neves to Molineux earlier this summer.

Wilder claims that if the Blades were to commit to spending that kind of money, it could put the club in a perilous financial position and he does not want to put the 'good people' at the club in that kind of situation regarding their jobs.

The report points to the example of the Blades' failure to agree a fee for Charlton Athletic winger Ricky Holmes earlier this week, as they did not wish to be drawn into an auction for the League 1 wideman.

It was announced earlier this week that Wilder and the Blades stand to be an inadvertent beneficiary of the bumper, world record £53m deal that takes England right back Kyle Walker from Premier league runners up Tottenham Hotspur to Pep Guardiola's Manchester City.

Walker started his career at Bramall Lane and a 10% sell-on clause was inserted into the deal which took Walker to White Hart Lane in 2009.

That clever move has now resulted in an unexpected £5m boost to Wilder's bid to make Sheffield United competitive in the second tier - but Wilder looks set to use the money in a sensible manner.

Sheffield United fans - what do you think? Would you like to see Wilder splash the cash? Or do you believe you can compete without spending millions of pounds? Let us know in the comments below...