kobe 8 kay yow Sale OnlinePerez will give more details on how these results were achieved, and is unlikely to face much serious questioning of his handling of club affairs, when he speaks at Madrid's AGM on September 22.
Some figures in Spain have questioned whether the results Perez announces at each year’s AGM give a true picture of the club’s actual situation. Mundo Deportivo claimed in May that Madrid actually owe €590 million-- last year’s announced ‘financial debt’ of €221 million, along with a further €369 million in short-term debt held with its various banks.
But as ESPN expert Sean Smith wrote last month, such ‘top-line debt’ figures can be misleading as they includes things like season-ticket sales for the upcoming campaign, and transfer fees not scheduled to be paid in that year's accounts. UEFA’s definition of debt coincides with that generally used by Perez and Madrid’s published accounts.
The figures announced this week cover the financial year 2012-13, when Madrid were untypically cautious in the transfer market, with its biggest incoming transfer the arrival of Luka Modric in August 2012 for €37 million.
This summer saw a much bigger outlay of €182 million on Gareth Bale, Asier Illarramendi, Isco, Dani Carvajal and Casemiro. But this has been almost balanced out by the €115 million received for Mesut Ozil, Gonzalo Higuain, Raul Albiol, Jose Callejon and Pedro Leon, while high-earner Kaka was also removed from the wage bill, albeit on a free transfer three years after paying €65 million for him.
Post By：2013-12-14 17:46:13 