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The Blancos president has denied that the Spanish giants paid €100 million for the Welshman, meaning Cristiano Ronaldo remains the world's most expensive player

Florentino Perez has claimed that Real Madrid paid €91 million (£76.9m) to bring Gareth Bale to the Santiago Bernabeu during the summer.

It has been widely reported that the Spanish giants handed over a world-record €100m (£84.6m) for the Wales international - but the Blancos president has now stated otherwise.

"Bale is insured for €91m, which is the amount he cost," Perez told Intereconomia.

That figure means that Madrid ace Cristiano Ronaldo remains the world's most expensive player, with the Portuguese superstar having cost €94m when he moved to the Spanish capital from Manchester United in 2009.

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