Football

Spurs set for lump sum Bale payment

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Tottenham could net £63 million in a one-off payment after selling Gareth Bale to Real Madrid, according to The Daily Mail.

The deal to bring Bale to the Bernabeu was as complex as it was drawn out, but a five-bank operation and a financial transaction known as forfaiting could provide Spurs with a massive cash injection.

According to sources close to the club, Tottenham have already received €16 million from Real Madrid for Bale's services, with the remaining €75 million (£63 million) set to be paid over the next three years.

Alternatively, Spurs chairman Daniel Levy can call in all the money at a slightly lower rate now, resulting in the White Hart Lane outfit's coffers being boosted to the tune of €73 million.

Bale's move from Tottenham to Real Madrid eclipsed the previous recored set by Manchester United's Cristiano Ronaldo, who moved in the same direction for £80 million back in 2009.

Although the exact amount remains unclear, it is understood that Bale's switch is worth significantly more than Ronaldo's transfer - with the Portuguese reportedly unhappy at Bale's arrival.

Spanish football expert Graham Hunter claims the Portugal international is "miffed" at the Welsh winger's arrival, casting doubts over Ronaldo's long-term future at the Bernabeu.

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Topics:
Tottenham Hotspur
Gareth Bale
Real Madrid
Football

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