• Spain's news in English

'Galácticos like Bale were cheap': Real president

AFP · 24 Sep 2013, 14:48

Published: 24 Sep 2013 14:48 GMT+02:00

Facebook Twitter Google+ reddit

Pérez is in his second term in charge at the Santiago Bernabeu and added to a stellar cast of signings under his guidance such as Luis Figo, Zinedine Zidane, David Beckham and Cristiano Ronaldo with the capture of Gareth Bale earlier this month.

And whilst the 66-year-old construction magnate refused to clarify whether Madrid had paid €91 million ($123 million, £76.7 million) for the Welshman reported by Spanish media, or what would be a record breaking €101 million as suggested by the press in England, Pérez claimed Bale had in fact been a "cheap" signing.

"The signing was cheap," Pérez told Spanish radio station Cadena Ser.

"All the important players have been cheap for Real Madrid. That is why we lead the Forbes list."

Indeed, American business magazine Forbes increased their valuation of Real Madrid following the Bale signing to $3.4 billion to consolidate their place as the world's most valuable sports entity.

"It was shown with Figo, Zidane, Beckham and Ronaldo. Even though they were very expensive, we went from losing money to making money."

Madrid's money-making potential under Pérez's two spells in charge has dramatically increased with revenue rising from just €85 million 15 years ago to €520.9 million  for the 2012/13 season.

Real also recorded a significant rise in profit and cut their net debt last season despite ending the campaign empty handed in terms of trophies.

Pérez is hoping that Bale's arrival will signal not only continued commercial success, but a return to winning ways on the field.

And he also claimed that the player shunned the advances of Manchester United to end up at the Bernabeu.

Story continues below…

"Bale has twice been named the best player in the Premier League, he was the image of the Premier League.

"I believe he is one of the best players in the world and Real Madrid have the model of buying the best.

"Tottenham did not want to sell him. It came to our attention that Manchester United had made an offer and we then made ours. Since he was young he has had the desire to play for Real Madrid and he asked we do everything possible for him to come."

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Spain's Podemos sees golden opportunity in Socialist woes
Pablo Iglesias is ready to step up in opposition. Photo: AFP

As Spain's conservatives prepare to re-take power after 10 months of political limbo, anti-austerity party Podemos has set its sights on replacing the divided Socialists as the main opposition force.

Wildlife ranger accused over decapitated bison in Valencia
The headless corpse of Sauro was found last month. Photo: Carlos Alamo / Reserva de Valdeserrillas

The case of the beheaded bison at a wildlife reserve in Valencia just got a whole lot weirder.

Spain jobless drops below 20% for first time in six years
The unemployed queuing up outside a Madrid job centre. Photo: AFP

Spain's unemployment fell below 20 percent for the first time in six years, official figures showed on Thursday.

'Saints not ghouls' insists Spanish church for Halloween
Suggested outfits from the Bishopric of Cadiz and Ceuta. Photo: Shower of Roses

Spanish bishops are urging good Christian children to forgo zombie, ghost and devil outfits and instead dress up as "saints, virgins and apostles".

Tough road ahead, Spain PM warns before return to power
Rajoy will try and form a government this week. Photo: AFP

Spain's acting Prime Minister Mariano Rajoy warned on Wednesday of a tough road ahead as he prepares to take power again at the head of a minority government with little support.

Russia withdraws request to refuel warships in Ceuta
The aircraft carrier Admiral Kuznetsov was due to dock in Ceuta

Russia has withdrawn a request for its aircraft carrier group to be refuelled at the Spanish port of Ceuta, authorities confirmed.

Bulls replace guard dogs at scrap yard in Valencia
Two bulls will be patrolling the scrap yard in eastern Spain. Archive photo: AFP

Guard dogs were not proving enough of a deterrent to thieves at a car breakers yard in eastern Spain so the owner has brought in a pair of fighting bulls.

Two-headed shark born in Spanish laboratory
Scientists are studying the rare find. Photo: IBIMA / University of Malaga

Scientists at the University of Malaga found the embryo of a shark with two heads and just one body.

Spain under pressure to stop refuel of Russian warships
Russian aircraft carrier Admiral Kuznetsov is due to arrive in Ceuta. Photo: Mil Ru / Wikimedia

Spain is facing international pressure to refuse permission for a Russian warship flotilla to refuel in Ceuta en route to continuing airstrikes against the Syrian city of Aleppo.

Most wanted: Fugitive rapist arrested in Tenerife
Mohammed Jahangir Alam was arrested n Tenerife. Photo: Crimestoppers.

Mohammed Jahangir Alam, one of Britain's most wanted fugitives, who fled the country in 2008 after allegedly raping a woman, was found working in Tenerife.

Analysis & Opinion
Out of the dark: Five years on from Eta ceasefire
Sponsored Article
Last chance to vote absentee in the US elections
Spanish 'La Mafia' restaurants banned after Italian complaint
Spain's top court overturns bullfighting ban in Catalonia
Hunt launched for ten most wanted Brit fugitives hiding out in Spain
Napflix: Spaniards launch very boring TV channel for siestas
Madrid parish church faces fine over 'too noisy' bells
Celebrate expat life at Madrid’s THRIVE convention
Fury after kids told to bring their own loo roll to school
Disney announces plans for Don Quixote action movie
Activist tells 8-yr-old matador wannabe with cancer 'just die'
King to make last minute push to avoid third vote in Spain
Amazing photos of Catalonia's 'human tower' contest
What's on in Spain: October 2016
'No way, Jose! You'll never get your hands on our Rock'
Recipe: How to make a classic Spanish tortilla de patatas
Chorizo in paella? Go back to cooking school Jamie Oliver
Spain in eye of a perfect storm after 10 months without govt
Thousands share clips of life for 'Spain in a Day' film
Ten incredible Spain locations for Game of Thrones season 7
Analysis & Opinion
Why moving to Spain could be the best decision of your life
Seven reasons why autumn is the very best season in Spain
Spanish study finds four types of personality. Which are you?
New search underway for civil war grave of poet Lorca
jobs available