Why he was willing to do so, which may, in fact, be different from Real Madrid’s balance sheet. The club continues to sink into debt on the back of its pay bill, with another six-monthly installment of player salaries due on 30 June – and hamstring at the cost of renovating its stadium, Barnabyu. To pay back is a loan from an American hedge fund, Providence. Transfer fees are outstanding. Real Madrid, just need money.
But Perez’s argument can be seen, in recognition of the teams that are expected to defeat Real Madrid for the Champions League trophy in Istanbul next month: Chelsea, a Russian billionaire, written by the personal assets of Roman Aborovich; Manchester City turned into a contender by its state supporters in Abu Dhabi; Paris Saint-Germain, the team to buy Neymar, financed by Qatar.
This is the new world order that Perez has long feared, to pass. He knows that Real Madrid cannot compete with these teams for resources, no matter how many times the Spanish government Agrees to purchase your training facility. It only has so many training facilities, after all, and moreover, a world in which PSG can pay $ 258 million for Neymar – paying a fee that is, in part, typical of distorting the transfer market With purpose – even not enough.
It is hard to be very sympathetic. “They have to control costs, not increase incomes,” said Javier Tebas, president of La Liga. It was a sensible feeling; If Real Madrid, like Barcelona, cannot pay salaries or transfer fees to Europe’s rising powers, they should cut their clothes accordingly.
Both clubs have fraudulently inflated millions of euros on signatures and increased salaries; Neither has that kind of coherent vision for their future, which, Manchester City says, is carefully (and expensively) nurtured. Their crisis is in no small part of their own making. They can resume, rely on youth, run themselves more forcefully, and still enjoy the vast benefits provided to them by their revenues.
But this is easy to do in Real Madrid. This is not a club that will accept the second best. Perez is aware that the continued popularity of his presidency rests on his ability to deliver “total glory time”, as he said after the club’s 13th Champions League trophy, which is now three years ago.