Old Trafford

Next Game

Man Utd v Tottenham

Saturday, 08 August 2015, 12:45

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

Upgrade in minutes or watch with a NOW TV Day Pass.

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Andre Pirlo backs Liverpool's Mario Balotelli to prove his potential

Andrea Pirlo thinks Mario Balotelli can still be one of the "top forwards in Europe" despite his struggles at Liverpool.

West Brom reject approach from Aston Villa for Joleon Lescott

West Brom have rejected an approach from Aston Villa for central defender Joleon Lescott, according to reports.

Theo Walcott and Santi Cazorla sign new deals with Arsenal

Theo Walcott and Santi Cazorla have signed new contracts at Arsenal.

Mail Box

Neville Has It Wrong On Chelsea...

One Mailboxer says that the Neviller has it slightly wrong on Chelsea. Plus thoughts on sexy Saints, pre-season reviews, Connor Wickham and televised analysis...

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

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