On the heels of yesterday's announcement that Real Madrid is not coming to Salt Lake this summer due to financial reasons, this news that Real Madrid is in "financial strife" was pointed out. Note that the article is actually from early April.
"Real Madrid was forced to ask a bank for 30 million euro ($A51.73 million) in credit to cover day-to-day costs, the EL Mundo newspaper reported today." -> Live News
Real Madrid's financial health has also been called into question this week in relation to the pursuit of Cristiano Ronaldo (reportedly set to become the world's first £100M athlete). Although the pricetag is high, the Spanish club appears to be searching for a marketable player to replace the revenue stream lost by the departure of David Beckham.
'Real Madrid have the solvency and the financial liquidity to be able to take on a signing of the magnitude of Cristiano Ronaldo,' Arroyo said. 'It would be economically beneficial due to the merchandising that would arise from it. -> ESPNSoccernet
A summer move to Real Madrid for Cristiano Ronaldo is unlikely and financially impractical, according to the agent who was at the centre of David Beckham's move to the Spanish club in 2003. - Daily Telegraph
