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Gareth Bale transfer: Real Madrid doesn't do austerity
While recession-hit Spain continues to wrestle with the financial crisis, Real has spent big again by making Gareth Bale one of the most expensive football players -- if not the most expensive -- in history. The clubs didn't reveal the official fee Sunday when his switch was confirmed. Europe's most illustrious club has previous experience in this regard and since the turn of the century, Real has broken the world transfer record on at least four occasions, with two-time president Florentino Perez eager to recruit what he refers to as "Galactico" star names. But even Perez, the man for whom money is no object, ... (full story)
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