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The Primera Division giants' president is adamant that the world-record transfer in September was not funded by Spanish bank Bankia, amid claims to the contrary

Real Madrid president Florentino Perez has denied that Spanish bank Bankia helped finance the world-record transfer of Gareth Bale.

The Welsh winger signed for the Bernabeu outfit from Tottenham in September for €100 million (£83.4m), sparking claims by Dutch MEP Derk Jan Eppink that the bank, which was bailed out by the Spanish government last year, had helped pay the fee.

But Perez moved to vehemently deny those claims on Thursday.

"We have not done a deal with any financial body, for the umpteenth time, as I've said ad nauseam," he told Desayunos Deportivos de Europa Press. "People in football know what's actually going on and what is not.

"Bankia did not pay for the transfer of Gareth Bale, we completed it using our own resources. The financial statement was made public and all our shareholders have a copy of it.

"Now it's said that [Bankia] helped transfer Bale to us and it's a lie. Real Madrid paid for him with significant resources and I'm a little annoyed to have to speak about it."

At the time of his complaint, Eppink threatened to refer the case to the European Commission, which on Wednesday confirmed that it would be investigating the legality of public funding at Madrid, as well as Barcelona, Athletic Bilbao, Valencia, Osasuna, Elche and Hercules.

The situation led Perez to claim that there is "a campaign against Spanish football".

Meanwhile, the Commission is also set to look into whether the reported land transfer between the City of Madrid and Real involved any state aid in favour of the club.

"In regards to our business with the Ciudad Deportivo [Sports City training ground], there was a complaint and a subsequent investigation," added Perez. "They wanted to hurt us but nothing happened."

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