RSS
ATOM
advertisement
Spanish Government Surprised By Real Madrid Loans
Real Madrid's borrowing power appears to have raised eyebrows within the Spanish government...
| Bet: | Returns: | Real Madrid £10.62 | Draw £90.00 | Levante £210.00 |
|
| Bet: | Returns: | Real Madrid £10.80 | Draw £100.00 | Levante £260.00 |
|
| Bet: | Returns: | Real Madrid £10.80 | Draw £100.00 | Levante £260.00 |
|
| Bet: | Returns: | Real Madrid £10.80 | Draw £87.00 | Levante £170.00 |
|
Jun 16, 2009 3:32:26 PM
The Spanish government have voiced their surprise about Real Madrid's huge loans from two banks at a time when the country's economy is in recession and smaller companies are unable to borrow money.
Finance Minister Elena Salgado expressed her concern that Caja Madrid had managed to lend €76.5 million to Los Merengues at such a delicate time.
Banco Santander have also agreed to loan Madrid a similar quantity and that is reported to have allowed the club to make their huge offers for Kaka and Cristiano Ronaldo.
"It surprises me, and what I would ask banks is that: if they have liquidity, that they also make loans to small and medium-size companies and families," Salgado is quoted as saying by USA Today.
"I would ask that they make an effort for them."
The minister also put her message across without saying too much when she was asked for her thoughts on the €94 million outlay to sign Ronaldo from Manchester United.
"It goes beyond the dimensions of what I would have imagined," she added.
After ten years of boom time in Spain due mainly to the construction industry, there is now a recession and many banks are in trouble because of their exposure to the real estate sector.
Caja Madrid's annual profits fell by 71 per cent last year and that is one of the reasons why some people have raised their eyebrows at the agreement on Monday to lend Madrid the money.
Lucas Brown, Goal.com
Finance Minister Elena Salgado expressed her concern that Caja Madrid had managed to lend €76.5 million to Los Merengues at such a delicate time.
Banco Santander have also agreed to loan Madrid a similar quantity and that is reported to have allowed the club to make their huge offers for Kaka and Cristiano Ronaldo.
"It surprises me, and what I would ask banks is that: if they have liquidity, that they also make loans to small and medium-size companies and families," Salgado is quoted as saying by USA Today.
"I would ask that they make an effort for them."
The minister also put her message across without saying too much when she was asked for her thoughts on the €94 million outlay to sign Ronaldo from Manchester United.
"It goes beyond the dimensions of what I would have imagined," she added.
After ten years of boom time in Spain due mainly to the construction industry, there is now a recession and many banks are in trouble because of their exposure to the real estate sector.
Caja Madrid's annual profits fell by 71 per cent last year and that is one of the reasons why some people have raised their eyebrows at the agreement on Monday to lend Madrid the money.
Lucas Brown, Goal.com
| Sign up with 188BET for a FREE bet up to £25 – Great Prices, Every Game |
|
| Open an account with Sportingbet today and get up to £100 in free bets! |
|
| Sign up with William Hill for a free bet up to £25 |
|
| Sign up with bet365 for a free bet up to £200 |
|
Thank you for your comment!
Please enter your name
Please enter your location
Please share your comment!
74 Comments
Advertisement
Inside Goal.Com
-
The top 20 clubs in football's money league
Deloitte's annual publication of the richest sides in football sees a familiar Spanish duo stretch their advantage over England's finest in 2010-11
-
King's Cup Player Ratings: Barcelona 2-0 Valencia
Goal.com rates the players in the Copa del Rey semi-final second leg at Camp Nou on Wednesday night, which the Catalans won to claim their place in the May showpiece
-
Coppa Italia Player Ratings: AC Milan 1-2 Juventus
Goal.com evaluates the performances of those involved in the Coppa Italia clash at San Siro, a game in which Martin Caceres scored twice for the victors
-
Player Ratings: Stuttgart 0-2 Bayern Munich
Goal.com assesses the individuals on show as the Bavarians advanced to the DFB-Pokal semi-final
-
Afcon Player Ratings: Cote d'Ivoire 1-0 Mali
Goal.com rates the players on show as Gervinho fires the Elephants into Sunday's Afcon final, setting up a tie with Zambia
Advertisement
Advertisement
