Interesting article on our La Liga site last week about whether Real Madrid overpaid for Kaka and Ronaldo.
The post referenced a recent report by Frontier Economics this week. Frontier works in valuation exercises and in the sports/creative industries and recently did issued a report on what determines a footballer’s transfer fee and whether the recent transfers are worth the money being paid.
According to Frontier that the record breaking €94 million (£80million) deal for Cristiano Ronaldo from Manchester United was at there high end of his valuation of €90million (£77million). That is about €4million (£3 million) less than what Real Madrid paid Manchester United.
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Well it has finally happened. Manchester United have accepted a world record offer of £80m from Real Madrid for Cristiano Ronaldo.
“Manchester United have received a world-record, unconditional offer of £80million for Cristiano Ronaldo from Real Madrid. At Cristiano’s request — who has again expressed his desire to leave — and after discussion with the player’s representatives, United have agreed to give Real Madrid permission to talk to the player. Matters are expected to be concluded by June 30. The club will not comment until further notice.”
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Real Madrid have completed the signing of Brazilian playmaker Kaka from AC Milan on a six-year deal. The fee is reported to be about £56m, which would be a new world record in pounds sterling, surpassing the £45.6m Real paid for Zinedine Zidane in 2001.
Kaka, 27, revealed he has joined the Spanish club to help the Italians overcome their financial difficulties.
“I wanted to stay but the world crisis affected my decision,” he said. “I knew I’d only leave Milan to play for Real.”
The attacking midfielder, speaking after having a medical in Recife, where Brazil face Paraguay in a World Cup qualifier on Wednesday, added:
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When Real Madrid’s new President Florentino Pérez announced his massive summer spending spree, the first thought I had was, how can Real Madrid afford to sign superstars like Kaka and Ronaldo? They are not owned by a Russian oligarch or Arab sheikh, so where does Real find the money to outspend everyone?
The reason is Real’s massive revenue stream. Deloitte has named them the richest team in the word for the last four seasons (Manchester United is 2nd) with revenues of €366m (£290m). One large source of revenue is gate receipts. Real have the third-highest average attendance in Europe.
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According to a story on SI, Real Madrid has agreed on a $93 million fee with AC Milan for Brazilian star Kaka, according to Spanish radio station Cadena SER.
The 2007 FIFA World Player of the Year has been linked with a move to the Spanish giants for years, but with former president Florentino Perez once again taking control this week, speculation has reached fever pitch.
Now, sources in Spain report that the conditions have been agreed, and Cadena SER reports that the $93 million price tag has been agreed upon by all parties.
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The summer soccer season got even more appealing with the news that Real Madrid will be playing D.C. United on August 9th at FedEx Field in suburban Maryland.
The game will be played at the Washington Redskins’ stadium, FedEx Field, rather than United’s usual home at RFK Stadium. To make room for the match, United is moving their previously scheduled MLS game against the Kansas City Wizards to Sept. 9.
The game will have a 3pm EST kickoff because of European TV rights, so expect it to be a very warm day.
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It was a huge weekend in Italy and Spain as both Inter Milan and Barcelona clinched their respective leagues on saturday.
Inter Milan players were so excited by clinching the Italian title that they took an impromptu open top bus to the city centre in the early hours of Sunday morning. AC Milan’s 2-1 defeat at Udinese on Saturday handed Inter their 17th scudetto and fourth in a row.
Inter, who still have three games left to play, were supposed to celebrate at their training ground but made a late decision to take a bus to Piazza Duomo, the city’s main square, where thousands of flag-waving fans were waiting.
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The champagne is on icne across Europe where as many as 12 teams could win their respective league titles.While most of the focus will be on England, Spain and Italy, fans will be celebrating title victories in countries like Albania, Bosnia-Herzegovina, Croatia, Georgia and Hungary.
UEFA Champions League finalists Manchester United and Barcelona need just a point from their respective games against Arsenal and Mallorca, while Jose Mourinho can win his fifth consecutive league title, with his third team in three countries. That is probably a record that will not be beaten anytime soon.
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It is getting to be that time of year again. Manchester United are in the Champions League and the rumors have begun again about Cristiano Ronaldo going to Madrid.
There is a lot of noise coming out of Spain and most of it is rubbish. As we reported on our La Liga site, Florentino Perez, the man who brought Zinedine Zidane, Ronaldo and David Beckham to Real Madrid will announce his candidacy for the Real Madrid club presidency on Thursday. Perez is the hands down favorite to win election on June 14th.
It is the Perez candidacy that is the catalyst for the latest Ronaldo stories.
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