Originally posted on Pro Sports Daily  |  Last updated 9/6/13
Los Blancos are accused of funding the transfer with money from the EU. A chain of events has aroused suspicion that Real Madrid’s world record £85.3m purchase of Tottenham Hotspur’s Gareth Bale is in fact illegal reports Danish newspaper Ekstra Bladet. Belgian EU politician Jan Eppink wants the organisation to investigate the transfer as Madrid currently have debts of around £505m. The club is funded by Spanish national bank Bankia which during the economic crisis in Europe that greatly affected Spain was bailed out by the EU to the tune of £15.2b. This money was given to help stabilise Bankia and not to fund Los Blancos’ drive to reinstate their “galaticos” philosophy of the early 2000s. Eppink has served a complaint to the EU’s competition commissioner Joaquin Almunia – someone who is extremely aware of such acts in Spanish football as investigations are currently ongoing in other cases of dubious goings on by La Liga clubs. Madrid are among a quartet of sides already being scrutinised by Almunia along with rivals Barcelona Athletic Bilbao and Osasuna.
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