Next Game

Partizan v Tottenham

Thursday, 18 September 2014, 18:00

Europa League Group C

Stadium of Light

Last Game

Sunderland 2 - 2 Tottenham

Saturday, 13 September 2014, 15:00

Barclays Prem

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

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

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."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Ole Gunnar Solskjaer leaves Cardiff City by mutual consent

Ole Gunnar Solksjaer has left Cardiff City by mutual consent after nine months in charge.

Premier League: Burnley boss Sean Dyche happy to stick to underdog status

Burnley boss Sean Dyche accepts that the Clarets will be regarded as underdogs in the Premier League this season.

England move up FIFA world rankings after Switzerland victory

England, Northern Ireland and Wales move up the latest FIFA world rankings after recent wins in European qualifiers.

Mail Box

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

I've Given It Some Thought: He's Got To Go

There is some more considered reaction to Arsenal and Liverpool's results, plus a big get well soon message for Jonas Gutierrez. And an apology to Merse...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property