Months after Cristiano Ronaldo’s departure from Real Madrid to Juventus, President Florentino Perez revealed Ronaldo wanted to go for personal reasons and his 1 billion release clause was not there to be paid.
Ronaldo’s release clause was not his price.
After moving to Juventus for €100 million, the world was wondering why Ronaldo was sold at a low price. However, Real Madrid president revealed it all about the transfer in a latest press conference.
“The release clauses are not there to be paid. If there has to be sale, it’s negotiated. 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.”
Los Blancos have the tendency to set high -value release clauses into their players’ contract to keep their players out of spotlight as targeted players in the transfer market. Midfielder Isco has a €700m release clause in his contract, Luka Modrid has €750m while Karim Benzema has €1b.
Perez also talked about the upcoming Extraordinary Meeting with Real Madrid shareholders and socios. The club is looking to remodel the Santiago Bernabue and Perez tried to get approval for putting the club into debt. In 2014, Perez said the remodelling work would cost €400m. However, he has said that it will cost €525m now.
“In 2014, when we thought there would be no problems with the specific plan, we announced that it would cost €400m. The new structure, including the removal of the two towers on the Castellana, has increased the cost but will improve the urban environment.”
Real Madrid also had a financing plan that would see club sponsors IPIC take up the stadium naming rights. But the investment pulled out in the end.