Santiago Bernabeu

Next Game

R Madrid v Granada

Sunday, 05 April 2015, 11:00

Spanish Primera BBVA

Camp Nou

Last Game

Barcelona 2 - 1 R Madrid

Sunday, 22 March 2015, 20:00

Spanish Primera BBVA

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."

Related News

Most Commented

Readers' Comments

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

Liverpool's Jordon Ibe back running after untimely knee setback

Jordon Ibe remains hopeful of a return to the Liverpool first team this season after returning to light training at Melwood this week.

'Fine' Akinfeev grateful for support

Russia goalkeeper Igor Akinfeev has thanked well-wishers for their support after being struck by a lit flare thrown from the crowd against Montenegro on Friday night.

QPR's Charlie Austin was not shocked that he failed to make the latest England squad

QPR striker Charlie Austin says his non-selection for the England squad did not come as a surprise.

Mail Box

Where's The Love For Walcott?

Theo Walcott is wanted by neither Arsenal or Liverpool fans in the afternoon Mailbox. Also, some good points on the FA skewed priorities, and glorious geekery...

Ripe Robin Still Has A Role To Play...

There is some support for the aging Robin van Perise in a frankly threadbare Mailbox. Also, more debate over homegrown players, with a suggestion of an import tax...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company