Next Game

R Madrid v AC Milan

Thursday, 30 July 2015, 13:00

Int Champs Cup China

Last Game

Inter 0 - 3 R Madrid

Monday, 27 July 2015, 13:00

Int Champs Cup China

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

I

t's a bloody good goal, though. Sh!t, the kid's gonna be the worlds best before we know it, isn't he? He's got the touch of genius in him. Like Neymar, but with muscles and stuff. He's doing a Ronaldo as we watch. He's bulked up to be able to ride the tackles, but he's improved technically as well. His touch is sublime. Bugger.

HarryBoulton
WATCH: Hazard's stunning goal

A

hhh, Jose arguing with another managers wife, clearest sign yet that we are going mental during the close season. I am rocking back and forth on my haunches.

hump3.
Jose hits back at Rafa's wife

I

t's only a matter of time before one of them throws in a yo mamma

lee
Jose hits back at Rafa's wife

Footer 365

Chelsea fail with £25m bid for Everton's John Stones

Everton have rejected an improved bid of £25m from Chelsea for centre-half John Stones, according to Sky sources.

Jose: 'Cabaye move makes PL harder'

Jose Mourinho claims the transfer of players like Yohan Cabaye to mid-table clubs makes the PL "very, very hard" to win.

Real reopen talks over £28m De Gea deal

Real Madrid have reportedly reopened negotiations with Manchester United over David de Gea and may complete a deal in the coming days.

Mail Box

Mails: This Is My Perfect Moment

Lots of Mailboxers channel their inner Martine McCutcheon to bring you their perfect footballing moments. Plus thoughts on Blatter, names, and Chelsea worries...

Mails: Let's Talk About Jose's Failures...

We don't talk about them because Chelsea won the title...but imagine if LVG or Brendan Rodgers had signed Juan Cuadrado. Plus, a trawl through the squads...

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