Gareth Bale transfer cost Real Madrid 91 million euros: Club president

This is the first time that Gareth Bale's price tag has been revealed as Real Madird and Tottenham had previously not disclosed the exact amount.

updated: October 15, 2013 15:06 IST
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Madrid: Real Madrid's president on Tuesday revealed that Gareth Bale had cost 91 million euros, confirming the Welsh winger had been insured for the value of his transfer fee.

Questioned on the Intereconomia television channel on whether Real's injured star is insured for 91 million euros ($123 million, 78 million pounds) in the event that he is forced to end his career, club president Florentino Perez replied: "Yes, sure".

"It's a life insurance, against accidents. Bale is insured for the amount he cost," he added, making it clear that the insurance policy covers death and permanent invalidity.

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