Ryan Giggs insists Manchester United will never abandon their traditions or their youth policy.
The former player - one of the United's greatest youth products - also hopes to manage the club again in the future.
Giggs had a spell as interim manager at the end of last season and, after retiring as a player, remains at Old Trafford as assistant to new boss Louis van Gaal.
Van Gaal's arrival over the summer coincided with the spending of £150million on new players.
With Academy graduate Danny Welbeck also being sold to Arsenal, there are fears priorities could be changing at a club with a proud record in youth development.
Giggs, speaking at the Soccerex Global Convention in Manchester, said: "The club will never change. The history of the club is to play exciting football, always give youngsters a chance, keep to the traditions of the club.
"Okay Danny has left, which is obviously disappointing because you never want to see a homegrown player leave but this is a manager who gave (Clarence) Seedorf his chance, (Patrick) Kluivert his chance, (Andres) Iniesta his chance, Xavi, Thomas Muller - he has got a track record of giving young players a chance."
Ryan Giggs has won plenty of accolades in the world of football.
Today he's getting an award from academia.
Giggs retired at the end of last season to become part of the new management team at Old Trafford.
Today he'll receive an honorary doctorate from the University of Bolton for his contribution to sport.
Ryan Giggs talks about how he felt playing for the final time at Old Trafford for a documentary tonight on ITV.
He talks about his special relationship with Manchester United over many years.
Life of Ryan: Caretaker Manager, on at 9pm on ITV.
Eric Cantona likens Ryan Giggs to the best Tour de France cyclist in a documentary tonight.
He praises his ability to tackle sprints and mountains with equal ease.
Life of Ryan: Caretaker Manager ITV 9pm
Diego Maradona is one of a number of football stars who talks about what makes Ryan Giggs so special in a documentary being screened tonight.
The programme looks at Giggs' bond with Manchester United and Old Trafford and his role at the end of last season.
Life of Ryan:Caretaker Manager 9pm ITV.
A new hotel venture headed up by former teammates Gary Neville and Ryan Giggs is heading for completion. The 133 bedroom hotel is directly opposite Old Trafford and will feature a five-a-side rooftop pitch. This video captures the Class of 92 having a kick-about with their builders on the roof!
ITV Granada Reports viewers have been getting in touch with us with their reaction to the news Ryan Giggs is retiring as a professional footballer.
Here is just a selection of your comments:
Dedication to one club priceless
A United legend...a truly talented player who will go down as one of united's best ever!
Speaking as a Tottenham fan, I think it can be safely said that Giggsy has been the best player of the last twenty years. My abiding memory of him-and this will no doubt be agreed on by United fans-was when he took on the fabled back four of Arsenal in that semi final at Villa Park in 1999.
On the day that Ryan Giggs became Manchester United's Assistant Manager and retired as a player, we take a look at his footballing career.Read the full story ›
"My dream was always to play for Man United, and although it saddens me to know I won’t be pulling on a United jersey again as a player, I have been lucky enough to have fulfilled that dream.
" [I have played] with some of the best players in the world, working under an incredible manager in Sir Alex Ferguson, and most of all, playing for the greatest fans in world football.
I want to also give a huge thanks to the backroom staff [...] I would not have achieved the success I have without your continuing dedication.
"I would not have won 34 trophies in my career without you. I would also like to say a special thanks to my friends and family for all your love and support."
Ryan Giggs has announced his retirement from professional football.
In an open letter, he said:
"Today is a fantastic day for Manchester United. Louis van Gaal is a great appointment and let me begin by telling you how delighted I am to be working with someone of his calibre. His credentials are second to none and I’m positive the club will thrive under his leadership over the coming years."
"I am immensely proud, honoured and fortunate to have represented the biggest club in the world 963 times and Wales 64 times.
"For me, today is a new chapter filled with many emotions - immense pride, sadness, but most of all, excitement towards the future.
To the greatest fans in world football, thank you, I have loved every minute of playing for you and representing the biggest and best club in the world."