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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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H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

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Toure: I am staying with City

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uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

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Toure: I am staying with City

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amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

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Toure: I am staying with City

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