Real Madrid Confirms $175 Million Julian Alvarez And Receives Reponse

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Real Madrid has confirmed that it has launched a $175 million bid for Julian Alvarez through an official statement while receiving a response from the Argentine's employers Atletico Madrid.

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Real Madrid has confirmed that it has launched a $175 million (€150 million) bid for Julian Alvarez through an official statement while receiving a response from the Argentine's employers Atletico Madrid.

“Real Madrid C. F. announces that, following the meeting of the Board of Directors held today, it has made an offer of 150 million euros to Club Atlético de Madrid for the federative rights of the player Julián Álvarez,” a communicado began.

“After studying and evaluating it, Club Atlético de Madrid has thanked the offer made, made within the framework of the good relations between the two clubs, and has rejected it referring to the player’s termination clause,” it added.

Said release clause is worth $577 million (€500 million) on a contract that expires on June 30.

This effectively puts Madrid out of the race as no club would pay that amount, and over a sum which would more than double the current world transfer record fee.

That was set in 2017 when Paris Saint-Germain paid €222 million to trigger Neymar’s FC Barcelona release clause, and it’s stood ever since though altering the market forever.

Real Madrid president Florentino Perez has kept his word​

With the bid, Real Madrid president Florentino Perez has kept a campaign trail promise.

Announcing three signings including incoming head coach Jose Mourinho, Perez vowed he’d make a bid of this magnitude if he beat Enrique Riquelme at the polls.

Perez has now done both those things, by winning re-election and trying to test the waters with Alvarez.

Some might see this as bluffing. While the offer is significant, it would take far much more than that for Atleti to consider selling to a direct rival.

More to follow….​

This article was originally published on Forbes.com

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