Have the Spanish football club Real Madrid got the readies to buy the Manchester United star Ronaldo? I believe that in the past Real Madrid have benefitted from
the support of the Spanish banks. However, these institutions are in the eye of a storm considering the credit crunch.
www.searchaccountant.co.uk
For instance, savings bank Caja Madrid and commercial bank Banco Popular are pretty
exposed to the collapse of Spanish property group Martinsa-Fadesa. While Real Madrid
has found it difficult to keep up payments on players. For instance, Madrid putting up the money for Anelka from Arsenal was a very tortured process.
I suppose the financial support for Real Madrid from the Spanish banks is an echo when they were the team of General Franco. The thing I noticed about Spanish football fans were that they were either Madrid or Barcelona. You could be in somewhere down south and see an outlet devoted to supporting one of the two clubs
when the local ones were Sevilla FC and Betis. I could never understand that.
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