Real Madrid president Florentino Perez says Gareth Bale was not the most expensive player in the world.
Madrid were reported to have paid £85million to lure the Welshman from Tottenham over the summer – beating the £80million paid for Cristiano Ronaldo.
But speaking to Spanish television this week, Perez confirmed that Madrid only paid £78million for Bale.
‘Yes, sure,’ said Perez when asked if the amount was £78million.
‘He is insured for the amount he cost – it’s a life insurance against accidents.’
Madrid are thought to be paying for Bale in two separate payments over the next two years, meaning that Spurs have only pocketed about £39million so far.
Meanwhile, Bale is expected to return to the Madrid team at the weekend, having been struggling with injury in recent weeks.
The 24-year-old has only made three appearances for Real so far, but has ramped up his fitness this week ahead of his return.