In a time of general economic crisis and with the football authorities trying to crack down on reckless spending, Real Madrid's incredible outlay of a reported 101 million euros ($133.5 million, pound sterling86 million) for Gareth Bale to many seems absurd.
New Real Madrid signing, Gareth Bale, pictured during a press conference as he is presented at the Santiago Bernabeu stadium in Madrid, on September 2, 2013. Bale was unveiled after his prolonged transfer from Tottenham Hotspur.
Arsenal manager Arsene Wenger described the bid as a "joke", whilst new Barcelona boss Gerardo Martino claimed it showed "a lack of respect" given the current economic climate.
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