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Taxpayers fund Bale sale

British taxpayers played their part in Gareth Bale's £86m move to Real Madrid, claims sports business consultant David Bick.

Last Updated: 06/09/13 at 15:32 Post Comment

David Bick: Sports business consultant speaks to Sky Sports News about the ins a

David Bick: Sports business consultant speaks to Sky Sports News about the ins a

The Spanish club paid the world record fee after seeking state-funded bank loans to cover their £500m debts from Spain's Bankia group, made up of cash from EU taxpayers, including those in Britain.

And Bick, speaking to Sky Sports News, claims the whole affair is "scandalous".

"When this collection of banks went bust, like they did here with RBS and Lloyds, they stepped in and effectively used taxpayers' money to keep these banks afloat. They put it in one big pool which they now call Bankia and taxpayers' money kept that pool afloat.

"Those same Spanish taxpayers, and also us because the bailout money came through Europe, are the same people who have in a sense been led up the garden path and left in the lurch because of the financial crisis.

"So to now see one of those banks being prepared to lend this money to a club that's already heavily in debt is absolutely scandalous.

"Real Madrid, in debt to a tune of about £500m, does it really make any sense to add on another £100m for what they paid for Bale? I don't think it does."

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e'll be fine, no problem. If they do get relegated, he's definitely going to ask how anyone could ever have thought that Villa were going to be fine given their problems before he came.

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toke though. Hmn. I don't think it was defending that made people dislike Stoke so much as the out and out cheating/nastiness they regularly displayed. That, and they kept buying the odd flair player and then ruining them (Oh! Tuncay, what were you thinking?).

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ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

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