Paris Saint-Germain have seen UEFA’s Financial Fair-play Regulations being lifted over them this season and the oil rich club wanted to celebrate the occasion by signing their long term target Cristiano Ronaldo, according to AS.

The restrictions were lifted on them only this 3rd July and the owners met Real Madrid president Florentino Perez the very next day.

The subject of the discussion was not clear then but now AS is saying that Real Madrid have rejected a formal bid from PSG for 3 time Ballon d’Or winner Cristiano Ronaldo which is believed to be worth €120 million.

The transfer fee would have been a record, surpassing Gareth Bale’s transfer fee to Real Madrid worth €101 million.

Rotana, an Arab newspaper, reported that the owners of PSG met Real Madrid president Florentino Pérez in Doha on Saturday, 4 July, and made the bid to buy the Portuguese superstar, with the idea that the managerial change at Santiago Bernabeu could lead to the forward asking for a change.

The bid,alleged as of now, was made possible with cash from the Qatar Investment Authority, owned by the country’s royal family, and the fact that UEFA had lowered the Financial Fair Play restrictions on the French club.

Moreover PSG president Nasser Al-Khelaifi, as per report in Mlaib – another Arab paper – is a huge admirer of the Portuguese superstar, and was monitoring the situation of Ronaldo at the Los Blancos and his unhappiness with the sack of Carlo Ancelotti and recruiting Rafael Benitez as the new manager encouraged him to make a formal bid for the former Manchester United player.

As thing went PSG president was replied with a instant no by Perez who mentioned Ronaldo has a €1 billion buy-out clause.

Ronaldo is contracted to the 10 time European Champions until 2018 and earns €21 million per year although that would be no concern for the PSG owners.

  • SHARE

    Snehanjan Banerjee closely follows English Premier League, La Liga, Bundesliga and Serie A along with other world football events.

    Related Posts

    Volgograd hotel jacks prices 20 times for World Cup

    Volgograd, Dec 16: Russias consumer rights watchdog Rospotrebnadzor has initiated an administrative case in regard to a hotel in Volgograd for inflating prices by over...

    Bravo doubtful of return to Windies team

    Sharjah, Dec 16: West Windies all-rounder Dwayne Bravo has expressed doubts on his possible return to national colours in any format. Bravo, who last represented the...

    Ranji Trophy: Karnataka favourites against Vidarbha

    Kolkata, Dec 16: Eight-time champions Karnataka will be hot favourites against Vidarbha who are still not sure of the services of India speedster Umesh Yadav...

    Knee injury forces Sania to miss Australian Open

    Kolkata, Dec 16: Indian tennis star Sania Mirza said on Saturday that she will not be taking part in the Australian Open early next year...

    Man Utd still in title race: Matic

    Manchester, Dec 16: Serbian midfielder Nemanja Matic said on Saturday that Manchester United are not out of the race for the English Premier League (EPL)...