Real Madrid borrow 70 million euros for Cristiano Ronaldo

Even after Ronaldo has expressed his desire to continue playing at the Old Trafford, the Spanish media seem won’t stop from linking the Fifa player of the year with a move to Real Madrid.

According to AFP, Real Madrid borrow 70 million euros from the Santander private banking group to bring Cristiano Ronaldo from Manchester United, but the Spanish radio who announced this state did not specified its source.

The loan, which is already closed, would not fund the transfer, depending on the stresses at the same radio that “Cristiano Ronaldo has an agreement with Manchester to go to Real at the end of the season for a reasonable amount.”

The Spanish sports press stated for several weeks as that Ronaldo will come to Real despite repeated rejections from the player himself and after a failed attempts from Real Madrid to land him last summer.

In January, the daily AS, a newspaper based in Madrid, said that the club had concluded a secret pact with the Portuguese and his agent Jorge Mendes.

Real Madrid are willing to pay 85 million euros or more for the transfer and pay Ronaldo gross annual salary of 12 million euros and a commission of 8 million to Mendes, according to AS.

Cadena radio said that Ronaldo had signed last summer a written agreement with the coach of Manchester, Alex Ferguson, that the Portuguese would go to Real if he wanted in summer of 2009.

But Ronaldo had stated that you only can get the truth from him and most of what the media said about him was just a lie.

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2 Comments For This Post

  1. Andrew Croft Says:

    I didnt realise they had to borrow money I thought they were mega rich. Did they borrow the money for benzema and kaka also?? I think they would of made about half back from shirt sales.

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  2. John Cook Says:

    Yes although Real do flaunt their money, it is all debt! They have some very trusting bank managers, but I agree a lot of the money comes back in from shirt sales and sell out crowds and they know that.

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