And the five-time Premier League winner says the Red Devils need to sign Zlatan Ibrahimovic to inspire the team and inject some flair into their game.
United missed out on Champions League football next season after ending fifth in the league.
LVG’s side beat Bournemouth 3-1 in their rescheduled final game on Tuesday night, well short of the 19-goal winning margin they needed to leapfrog Manchester City into the fourth spot for the elite competition.
Wayne Rooney, Marcus Rashford and Ashley Young’s goals meant United scored only 49 league goals all season, their lowest return since 1989-90.
And Schmeichel didn’t hold back in his criticism of the club’s slump into mediocrity since Alex Ferguson retired in 2013.
The Great Dane says: “Manchester United, a club that I love and have followed since I was a kid, have bored me to death this season.
“We are one of those clubs that has been dragged in completely the wrong direction.
“We never used to play football the way we play now.
“We never played for 1-0 and then defend. We always went for the second goal and the third.
“All the hard work that Alex Ferguson put in to recover what was there from Matt Busby has been undone in a very short period of time.
“I, as a fan, want to be winning but to entertain equally as much too. I want exciting players.”
Departing Paris Saint-Germain striker Ibrahimovic has been linked with a move to United, although his agent Mino Raiola says the Swede has not received an offer from the English side.
Schmeichel adds: “I read about Zlatan Ibrahimovic in the newspapers.
“I would love for him to come to Manchester United, I’ve said this for a long time. He was born to play for Manchester United.
“He’s like an Eric Cantona, who can inspire all the guys in the dressing room but also the supporters.
“That’s what it’s all about. It’s not about having a Sunday nap at Old Trafford.”