Get breaking news alerts from myKhel

We did not want to sell him - Perez insists Madrid got 'highest value' for Ronaldo

Florentino Perez

Madrid, September 22: Florentino Perez has revealed Real Madrid did not want to sell Cristiano Ronaldo but had to "open the door" for his departure after the player asked to leave.

Ronaldo stunned the footballing world in July when he completed a €100million transfer from the reigning European champions to Juventus, ending a trophy-laden spell in the Spanish capital.

The Portuguese forward won the Champions League four times and LaLiga twice, while he is also Los Blancos' all-time leading goal-scorer.

However, speaking ahead of the club's ordinary and extraordinary general meetings on Sunday, president Perez explained the reasons behind the transfer – and insisted Madrid got the best possible deal for the 33-year-old.

"The release clauses are not there to be paid. If there has to be sale, it is negotiated," he said.

"We did not want to sell him, but he wanted to go for personal reasons and we understood that, for all the good things he had done, we had to open the door for him.

"We got the highest value we could."

Perez is hoping to seal approval at the meetings to push forward with plans to loan money for the renovation of the Santiago Bernabeu, though the proposed changes will not see a major increase in the stadium's overall capacity.

"We have to make a decision on the work, by the end of the year, and on the financing issue," he added.

"The estimated time of the development is three and a half years, which will be compatible with the sporting calendar.

"The capacity will not increase, although there will be 800 new spaces for people with disabilities."

For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Story first published: Saturday, September 22, 2018, 13:50 [IST]
    Other articles published on Sep 22, 2018
    + More
    POLLS
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Mykhel sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Mykhel website. However, you can change your cookie settings at any time. Learn more