We won’t pay €100m for Ronaldo, Real declare

REAL Madrid president Ramon Calderon has dismissed suggestions the Spanish champions would be willing to spend €100 million on Cristiano Ronaldo.

Speculation has been rife that Madrid would smash their own world-record transfer fee — set when they splashed €58m on Zinedine Zidane in 2001 — by offering Manchester United in the region of €100m for Ronaldo, with Spanish newspaper Marca stating Madrid intend to announce the signing of Ronaldo on July 7.

However, speaking just days after Madrid coach Bernd Schuster urged the club to “pay what is necessary” to take Ronaldo to the Bernabeu, Calderon insists they will not break the bank for any player.