Real Madrid president slams state-owned clubs PSG, Man City and Newcastle

Real Madrid president Florentino Perez is saying out loud what many football fans around the world may be thinking. He has openly criticised the current economic situation that has allowed European football clubs to be state-owned.

The Real Madrid chief has been credited for helping Real Madrid become one of the most financially stable clubs despite going through the blows dealt by the novel coronavirus pandemic like everyone else. However, he pointed out that nowadays, even if a club has a healthy revenue stream, it has become almost impossible to compete with clubs that have state-backing.

To highlight the problem, Perez spoke about this summer’s 200 million euro offer that Los Blancos made to PSG for the transfer of Kylian Mbappe. Even with the player’s contract expiring at the end of the season, the French giants refused to accept the offer on the table. Backed by Qatar, PSG is able to risk losing the 200 million payday and letting the player leave on a free transfer next summer. Not only that, they can afford to slap Mbappe with a much bigger offer just to convince him to stay.

The situation is not restricted to PSG either, with Premier League clubs like Manchester City and now Newcastle United also backed by Middle Eastern oil-rich states.