No, the land was just rezoned by the council so it was worth 5000% more than it was previously.
Then it was sold at the new price.
EVERYBODY knew the rezone was happening, no matter in 2000 or 2020 but IT WAS GOING TO HAPPEN. if you know madrid it is more than obvious. right at the end of the main street of the city, very close to the financial area, etc. it's been obvious for decades that that area was going to be developed, that is why NOBODY was selling the land.
actually, the biggest issue is not the rezoning, which, again, was obvious, but if real madrid was entitled to the ownership, because the land was given many decades ago to real madrid for this purpose. this area, at that moment, was far away. bernabeu is also in a prime spot but it wasnt in the past (or not so prime)
and obviously all the owners got money, not just real madrid.
Its simple. They have sold 10% of their TV rights for the next 25 years as well as merchandise rights. No club would ever do this unless if theyre stupid. Its daft 25 years is a long time. It seems like whoever is in charge right now only want to be safe themselves and not giving a feck to the future. They're solving current problem with future money, basically only moving the problem from now to the future. It will be their successor's problems. A recipe for disaster.
10% of LALIGA tv rights, only LALIGA. we haven't sold any merchandise rights and at this moment it is basically discarded.
and i don't really follow the logic here, what is the difference between getting a loan and selling assets to pay the debts and spend some of that money to try to keep fighting for titles to be able to keep the future incomes?
bayern munich sold 25% of the club at 1bn valuation in average to pay for the stadium.
united handles 8 figures every single year to the glazers from their incomes (11M this month).
i dont see you calling them stupid or disaster.
twitter guy i cannot post
another mr. twitter nobody lying... hahaha. who cares what these people say?
They're a genuine disgrace.
How do they have the audacity to chase the likes of Lewandowski and Bernardo Silva when they're effectively in debt to their own players?
Embarrassing
barça pays what the contracts say. saying that you cannot buy other stuff just because you have debt is embarrasing.
Not that it needs saying but getting up-front cash right now in exchange for trading away future revenue streams helps in the short-term but undermines Barca's revenue-generating capacity in the long-run. That will hardly help their FFP position, never mind their current position in terms of La Liga regulations.
Secondly, if you are next to broke as a club, surely you invest in young, cheap players? Lewandowski is a great player but he can't have that many great years left in him, will likely have no real re-sale value, plus surely he's going to be on decent wages. And why are they signing Azpilicueta and Alonso? These two players are 32 and 31 respectively! What is the long-term plan?
like getting a loan.
this is done basically to meet laliga FFP requirements, what are you talking about??? hahaha.
this is actually done to be able to operate normally. at this moment we cannot even sell 10 millions and spend 5 in a substitute.
i woudn't buy lewa at 40M for the reason you mention, but azpi and alonso should be very cheap and we have a solution for at least 2-3 years in a current hole.
we have araujo, eric, gavi, pedri, ansu, ferran... those are usual starters (when fit) and 20 is their average age. i dont even count fdj (for now at least), dembele (he will probably stay), dest, etc. which are young too.
ALL the signings and renewals are within the new salary structure, so salaries won't be an issue when toxic contracts end (2 years) unless obviously our revenue decreases another 50%