Real Madrid will not be spending big on the summer transfer market, says club president Florentino Perez. After he saw his club win the 34th league title in the club’s history on Thursday, the president was asked about next season. He then admitted that Real will not be spending big money due to the corona crisis pandemic and the aftermath on their financial situation.
“No (there won’t be big signings this summer)”, Perez told reporters when asked about this summer and next season. “The situation is really bad. It’s hard to ask the players to take a pay cut to help deal with it and then make signings. That can wait. Madrid will sign the best again when the situation changes.”
It is expected that Real will be selling players this summer, with Gareth Bale and James Rodriguez being the biggest names to possibly leave Madrid. Instead, the club will be trying to extend the contracts of their biggest stars like Sergio Ramos. The skippers contract will run out next season and Perez has already insisted he expects the defender to end his career with the club.