Real Madrid finally Reacts to Financial Fair Play Allegations.

Real Madrid finally Reacts to Financial Fair Play Allegations.

Real Madrid has denied allegations of financial mismanagement made by British media outlets.

A report that surfaced earlier this week accused Los Blancos of failing to account for €122 million of their €135 million in ‘other operating expenditures’, suggesting that a future marketing agreement with private equity firm Providence may have led to some misreporting of finances.

Real Madrid could be in violation of UEFA Financial Fair Play regulations if these allegations prove to be true.

While the Madrid club has not commented publicly on the allegations, club sources have denied any impropriety to both Marca and Cadena Cope.

According to the same sources, the €122 million in expenses are “not unexplained,” although no additional information is provided.

Real Madrid has already been active in the summer transfer market, signing midfielder Jude Bellingham for an initial €103 million before spending €17.5 million on Arda Guler.

Espanyol’s veteran striker Joselu has also joined Real Madrid on a season-long loan.

A new forward with a high profile has also been discussed. Real Madrid were early admirers of Kai Havertz prior to his transfer to Arsenal, and Tottenham’s Harry Kane was emerging as a top target before Kylian Mbappe’s public dispute with Paris Saint-Germain prompted a reconsideration at the Bernabeu.

PSG is adamant that Mbappe will not be permitted to leave on a free transfer at the conclusion of the upcoming season, but it will be difficult to find a buyer willing to meet their asking price for a player who is widely regarded as one of the best in the world.

Los Blancos are hesitant to pay a hefty transfer fee for a player entering the final year of their contract, adopting this position in the same summer they agreed to terminate Eden Hazard’s contract, four years after signing him for more than £100 million during the final year of his Chelsea deal.

Real Madrid finally Reacts to Financial Fair Play Allegations.