June 11, 2009

Where are Real Madrid getting their money from?

Real Madrid’s   £80million bid for Cristiano Ronaldo comes just days after the club paid £56m for Brazilian star Kaka.
If Ronaldo joins the Spanish side, he will be the fourth record signing in sterling to move to the Bernabeu.
But where does all this cash come from?

Luis Figo was the first ‘galactico’, a £37m purchase from Barcelona in 2000.
Zinedine Zidane came next, courtesy of a £47m deal with Juventus.

Luis Figo Real Madrid Pesotero: Figo crossed the great divide in Spain, moving to the Bernabeu from bitter rivals Barcelona The capture of Kaka and, in all likelihood, Ronaldo, would mean Real have spent £220m on just four players.

How on earth can a side,

who didn’t even win their domestic title this year, possibly afford such a monumental amount of money?
Barcelona’s economic director, Xavier Sala-i-Martin, is equally mystified.

‘I do not know where the 300m euros (£237m) that Florentino Perez (Real Madrid president) thinks he has for signings actually comes from,’ he told radio station, RAC1.

‘He says he will recoup it by selling replica shirts and so he will have to sell 30 million of them. That is impossible.
‘How can it be that a football club has so much money to spend, bearing in mind the current economic situation in the country and the politics of credit restriction in place in all banks?’