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Perez calms fears of Real debt burden

THE purchase of Kaka and massive bid for Cristiano Ronaldo will not burden Real Madrid by a huge amount of debt, new president Florentino Perez said yesterday.

Real was given permission to negotiate with Ronaldo after Manchester United accepted a world record bid of 80 million pounds (US$131.2 million) for the Portugal winger on Thursday.

Three days earlier, Brazil playmaker Kaka joined the Spanish giants from AC Milan for a fee reported to be around 67 million euros.

"On the contrary, we think can improve our accounts by aiming for three goals," construction magnate Perez told yesterday's La Gazzetta dello Sport when asked about the debt issue. "Increasing ticket sales, increasing bank loans and increasing the club's economic value."

He added that Real generated enough revenue to cover these massive transfer market investments, with more expected to come, without him having to use his own funds.

"(The money) is exclusively the club's, not mine," said Perez, who twice broke the transfer record in taking "galacticos" Zinedine Zidane and Figo to the Bernabeu in his previous stint as president from 2000-06.

"Real Madrid takes about 400 million (euros) a year, the fruit of three sources of income - a third from ticket sales, a third from television rights and a third from merchandising."

Ronaldo meanwhile has described his move to Real as "historic".

"I have had my time at Man United," Ronaldo, who only recently said he wanted to stay at the English Premier League champion, told the British media. "It's time to look forward and 80 million is quite a sum of money. This deal is historic."

Former Real President Ramon Calderon tried to lure Ronaldo away from Old Trafford a year ago but he opted to stay and try to win a third consecutive English title with United.

However, Calderon said Ronaldo knew he would be joining Real Madrid for next season after striking a "gentleman's agreement" last December, shortly before Ronaldo was named FIFA's World Player of the Year.


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