Superhudd
Simon Davies
Re: Gareth Bale
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Madrid cannot afford to pay Spurs €40 million cash for Bale never mind €100 million. With current debt levels of €590 million on net assets of only €141 million they are an over borrowed financially dodgy entity and therefore represent a very BIG credit risk and it wouldn’t surprise me if they were eventually bankrupted at some stage. It would be very interesting to see how they value their assets in their balance sheet. They still owe Spurs €20 million from the Luca deal last year and no way can we extend any further credit to them. Why should Spurs sell their prized asset to a potentially insolvent entity who may never pay up? And Levy should not even consider any of the overpaid dross languishing in the mediocre Madrid squad.
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