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Football: Real To Borrow 70 Million Euros To Buy Ronaldo

Posted on: February 11, 2009

MADRID : Real Madrid will borrow 70 million euros (90 million dollars) from Spain’s largest bank Santander to help finance the purchase of Portuguese winger Cristiano Ronaldo from Manchester United, Spanish radio said Wednesday.

But the loan will not be enough to cover the transfer fee, private radio Cadena Ser said.

“Cristiano Ronaldo already has an agreement with Manchester to leave for Real at the end of the season for a reasonable sum,” the radio said, without indicating its sources.

Spanish sports media have said for several weeks that the 23-year-old was set for a move to the Spanish champions, despite repeated denials.

Real tracked Ronaldo all of last summer following his Champions League and English Premier League triumphs with the English club before United boss Sir Alex Ferguson stepped in and emphatically vetoed his departure.

But the AS daily, a newspaper close to Real, said last month that Ronaldo will join the club in the summer for 85 million euros (110 million dollars) under a secret pact made between then Real president Ramon Calderon, the player and his agent Jorge Mendes.

After picking up the 2008 FIFA World Footballer of the Year award last month, Ronaldo told Spanish public television station TVE that he was learning Spanish, a comment that further fuelled speculation over a possible move.

– AFP/vm

Channel News Asia

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Football: Real To Borrow 70 Million Euros To Buy Ronaldo

Posted on: February 11, 2009

MADRID : Real Madrid will borrow 70 million euros (90 million dollars) from Spain’s largest bank Santander to help finance the purchase of Portuguese winger Cristiano Ronaldo from Manchester United, Spanish radio said Wednesday.

But the loan will not be enough to cover the transfer fee, private radio Cadena Ser said.

“Cristiano Ronaldo already has an agreement with Manchester to leave for Real at the end of the season for a reasonable sum,” the radio said, without indicating its sources.

Spanish sports media have said for several weeks that the 23-year-old was set for a move to the Spanish champions, despite repeated denials.

Real tracked Ronaldo all of last summer following his Champions League and English Premier League triumphs with the English club before United boss Sir Alex Ferguson stepped in and emphatically vetoed his departure.

But the AS daily, a newspaper close to Real, said last month that Ronaldo will join the club in the summer for 85 million euros (110 million dollars) under a secret pact made between then Real president Ramon Calderon, the player and his agent Jorge Mendes.

After picking up the 2008 FIFA World Footballer of the Year award last month, Ronaldo told Spanish public television station TVE that he was learning Spanish, a comment that further fuelled speculation over a possible move.

– AFP/vm

Channel News Asia

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