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Published 08:56 11 Aug 2022 BST
Updated 09:10 11 Aug 2022 BST
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Neville also insisted that United made 'panic buys' the season before, and that the club were paying for it the following campaign.
Additionally, he criticised the Old Trafford hierarchy for not going after players who fitted the club's philosophy.
"Last season I'd argue that some of those buys were panic buys, they didn't fit the philosophy, and they're paying for it now," Neville continued.
"For that money, or for a bit more money, you could have got [Gareth] Bale, [Toni] Kroos, [Cesc] Fabregas, Filipe Luis. For the same level of money they've spent, you could have got those four players into that squad.
"Put those four players in 12 months ago and we probably would have been saying [United are] favourites for the league maybe, maybe Champions League.
"They've got to recruit better - they've got a manager now who won't panic buy, he won't breach his philosophy... the key is can they get the players that they want - he's not going to be spending the money for the sake of it, because last year he brought in two players who I don't believe suited what they wanted at the time, and that's the bigger problem."
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