Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
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Art Morte
paperbackwriter
wigglesworth
S
hrealmadrid
zizzle
Doc
windkick
Vibe
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Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Yes, Spanish bank Bankia did indeed put up soccer superstar Cristiano Ronaldo, as well as Real Madrid teammate Kaka, as collateral as they try to secure loans from the European Central Bank (ECB), and the reasoning for doing so is actually quite plausible.
See, Bankia helped finance Real Madrid’s acquisition of Ronaldo and Kaka by loaning the club 76.5 million euros (approximately $111 million), which went towards the 100 million euros paid to Manchester United for Ronaldo, and the 60 million euros given to Milan AC for Kaka.
Therefore, to ensure that the ECB would actually give them the borrowed moneys their asking for, Bankia put up two of their most valuable assets—Ronaldo and Kaka. Which means that if Bankia defaults on the loan, the Real Madrid stars would in fact, become property of the ECB.
But that probably would never happen…and here’s why.
As Presseurop explains…
“Could we see a situation in which the ECB seizes one of the players?“ wonders the Munich daily. “In theory, it is possible. Bankia would first have to become insolvent. Thereafter, Real would have to default on its loans, which are secured by advertising and television revenues. It goes without saying that Real Madrid is in debt to the tune of several million euros. However, in Spain football clubs have a history of obtaining publicly funded bailouts — just like the country’s banks.”
And there you have it. Even if Bankia defaulted on their loans, it would take Real Madrid defaulting on their loans for the pair to become owned by the ECB, but even then the soccer club would more than likely receive some sort of government bailout to make sure that scenario never played out.
Still, if you were the ECB, subconsciously you’re probably hoping the dominoes fall your way and Bankia and Real Madrid both default on their loans, because if you’re going to own one football player in the world, wouldn’t you want it to be Cristiano Ronaldo?
He’s absolutely dreamy.
[Business Insider]
http://www.businessinsider.com/spanish-bank-needs-a-loan-puts-up-cristiano-ronaldo-as-collateral-2011-7
Last edited by VibeTribe on Tue Aug 09, 2011 5:26 pm; edited 2 times in total
Vibe- World Class Contributor
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Surprised Kaka isnt back with Milan or with Chelsea to say the truth
windkick- Fan Favorite
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
That is actually the most retarded thing I've read here. Seriously...
Doc- World Class Contributor
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Last edited by VibeTribe on Tue Aug 09, 2011 5:25 pm; edited 1 time in total
Vibe- World Class Contributor
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
could be true but that doesnt mean Madrid will lose Kaka and Ronaldo, they'll just re-pay the loan to whoever bought the debt. They are players not houses you know..
zizzle- Fan Favorite
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Or they could just sell them to the highest bidder....
Vibe- World Class Contributor
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
No bank says no to Madrid, very easy to get money from alternate sources. Perez is god.
hrealmadrid- First Team
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Perhaps this is an appropriate report which could be added to the "conspiracy rumour' thread..
S- Ballon d'Or Contender
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Rosell to pay the debt and CR & Messi to play together.GET INNNN!!!11!!1
Vibe- World Class Contributor
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
the bank is selling its debt, not the collateral
zizzle- Fan Favorite
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
zizzle wrote:the bank is selling its debt, not the collateral
The bank is offering CR & Kaka as collateral in order to get a loan from what I understand.
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Spain is having trouble saving itself and needs loans from the ECB, they don't have the funds to bail out Madrid, Spain is in virtual receivership.
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
VibeTribe wrote:zizzle wrote:the bank is selling its debt, not the collateral
The bank is offering CR & Kaka as collateral in order to get a loan from what I understand.
thats true, but as long as Madrid does not default on their loan they can maintain ownership over their players. so they still have things under control, unless something out of the ordinary happens
zizzle- Fan Favorite
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
They should just give the bank Kaka and Ronaldo shirts, that should cover the debt
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
wigglesworth wrote:Spain is having trouble saving itself and needs loans from the ECB, they don't have the funds to bail out Madrid, Spain is in virtual receivership.
Unlike Italy?
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
They can sell the loan to another bank... but they cannot take the asset from the borrower unless there's default by the borrower.
Banks syndicate and sell loans all the the time. It never affects the borrower. Have to know the 123s of lending before publishing an article.
Banks syndicate and sell loans all the the time. It never affects the borrower. Have to know the 123s of lending before publishing an article.
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Yeah, the bank doesn't have any ownership over CRonaldo nor Kaka. They just loaned money to Real Madrid who bought those players. They are Madrid's players.
Art Morte- Forum legendest
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
This news is more false than the average Chelsea supporter.
cheesy- Hot Prospect
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
banks dont own anything unless the borrower cant pay back in time. dismissed! D grade, hahahahaVibeTribe wrote:Yes, Spanish bank Bankia did indeed put up soccer superstar Cristiano Ronaldo, as well as Real Madrid teammate Kaka, as collateral as they try to secure loans from the European Central Bank (ECB), and the reasoning for doing so is actually quite plausible.
See, Bankia helped finance Real Madrid’s acquisition of Ronaldo and Kaka by loaning the club 76.5 million euros (approximately $111 million), which went towards the 100 million euros paid to Manchester United for Ronaldo, and the 60 million euros given to Milan AC for Kaka.
Therefore, to ensure that the ECB would actually give them the borrowed moneys their asking for, Bankia put up two of their most valuable assets—Ronaldo and Kaka. Which means that if Bankia defaults on the loan, the Real Madrid stars would in fact, become property of the ECB.
But that probably would never happen…and here’s why.
As Presseurop explains…
“Could we see a situation in which the ECB seizes one of the players?“ wonders the Munich daily. “In theory, it is possible. Bankia would first have to become insolvent. Thereafter, Real would have to default on its loans, which are secured by advertising and television revenues. It goes without saying that Real Madrid is in debt to the tune of several million euros. However, in Spain football clubs have a history of obtaining publicly funded bailouts — just like the country’s banks.”
And there you have it. Even if Bankia defaulted on their loans, it would take Real Madrid defaulting on their loans for the pair to become owned by the ECB, but even then the soccer club would more than likely receive some sort of government bailout to make sure that scenario never played out.
Still, if you were the ECB, subconsciously you’re probably hoping the dominoes fall your way and Bankia and Real Madrid both default on their loans, because if you’re going to own one football player in the world, wouldn’t you want it to be Cristiano Ronaldo?
He’s absolutely dreamy.
[Business Insider]
http://www.businessinsider.com/spanish-bank-needs-a-loan-puts-up-cristiano-ronaldo-as-collateral-2011-7
I-no- Banned (Permanent)
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Lets be honest for a moment.Madrid will never come to that situation
JAY-Z- First Team
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Okay,lets assume its true. Is someone by any means trying to say madrid dont have that money?. There is a difference between owing money (which the site reverenced) and been unable to pay. Dont forget that ronaldos jersey sales alone minus the sales of tickets during his record unveilling attendance (which beat that of alfredo di stefano) is enough to pay that money by triple. I can bet on my life & properties that R.madrid have not yet payed that debt,but have surplus of that cash. So this issue is discarded.
emassy- Hot Prospect
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Re: Real Madrid could lose ownership of Cristiano Ronaldo and Kaka
Okay,lets assume its true. Is someone by any means trying to say madrid dont have that money?. There is a difference between owing money (which the site reverenced) and been unable to pay. Dont forget that ronaldos jersey sales alone minus the sales of tickets during his record unveilling attendance (which beat that of alfredo di stefano) is enough to pay that money by triple. I can bet on my life & properties that R.madrid have not yet payed that debt,but have surplus of that cash. So this issue is discarded.
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