Football

Southampton miss out on £20m Gareth Bale windfall

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Gareth Bale's world record transfer to Real Madrid could have pocketed his former club Southampton £20 million, reports BBC.

The fee of around £85 million breaks the amount spent by Madrid to acquire Cristiano Ronaldo back in 2009 but no doubt the overriding feeling on the south coast must be one of sheer frustration rather than pride that their academy product has become a world star.

It stems from back in 2007, when the club were struggling financially out of the top flight, they let Tottenham buy-out the 15% sell-on clause that was initially agreed when the Welsh winger moved to London in a £10 million move.

Chairman Daniel Levy has been proved as an excellent businessman once again as Tottenham's buying out of Bale's clause  came at a time when he was struggling to make his mark.

The deal handed the Saints £3million and goalkeeper Tommy Forecast.

Forecast never managed a single senior appearance and now plays for Chelmsford City in the Conference South.

The money generated from Bale's transfer could have risen to £20 million had they not been so hasty, which would have recuperated the coffers down on the South Coast after a busy summer of recruitment which included big deals for Pablo Osvaldo and Victor Wanyama.

They now have to settle for a settlement of £2 million from Fifa for developing the player- peanuts by today's expensive standards.  

Forecast may wont to keep a low profile if he's ever in Southampton again.

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Topics:
Gareth Bale
Southampton
Football

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This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

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