Madrid sign Bale on six-year deal
Published 01/09/2013 | 19:26
Real Madrid have confirmed the world-record signing of Gareth Bale from Tottenham.
After almost two months of speculation and negotiation, Madrid and Spurs both announced the transfer on Sunday evening.
Press Association Sport understands Real have paid 100 million euros (£85.3million) for Bale's signature.
Madrid announced on their website: "Real Madrid and Tottenham Hotspur have reached an agreement for the transfer of Gareth Bale, who will be contracted to the club for the next six seasons."
The deal is subject to Bale passing a medical with the nine-time European champions, with all other details resolved.
Real say the 24-year-old will be presented as their new player at the Bernabeu on Monday at noon UK time.
Spurs manager Andre Villas-Boas, speaking after Tottenham's 1-0 defeat at Arsenal, confirmed Bale was leaving for the Bernabeu.
"He is going to join Real Madrid so we wish him all the best," said the Portuguese.
"The player is an absolutely wonderful player. He has left us with some great memories from last season which every Tottenham fan cherishes, but he has moved on and we will move on as well."
Spurs had initially resisted Real's advances, but chairman Daniel Levy explained he had no option but to let the Welshman go after the player's head was turned.
"Gareth was a player we had absolutely no intention of selling as we look to build for the future," Levy told Tottenham's website.
"He is a player whose career we have fostered and developed and he was only a year into his new four-year contract.
"Such has been the attention from Real Madrid and so great is Gareth's desire to join them, that we have taken the view that the player will not be sufficiently committed to our campaign in the current season.
"We have, therefore, with great reluctance, agreed to this sale and do so in the knowledge that we have an exceptionally strong squad to which we have added no fewer than seven top internationals. More importantly, we have an immense team spirit and a dressing room that is hungry for success.
"We wish Gareth all the best in the future and he shall always be welcome at (White Hart) Lane."