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Real: 'No more spending'
The signings frenzy is over according to Real Madrid's director general.
Last Modified: 05 Aug 2009 13:25 GMT

Real Madrid's director general Jorge Valdano, left, and his new Galactico Kaka [EPA]

Real will be making no more signings this close season once the acquisition of Liverpool midfielder Xabi Alonso is completed, according to Real Madrid director general Jorge Valdano.

After Alonso's signing, Madrid will have spent $365 million on eight players since Florentino Perez returned to the club presidency in June.

"The main aim was to complete the squad and there will now be no more signings,'' Valdano told radio station Cadena SER.

Alonso passed his medical, before joining other signings at the club, including Cristiano Ronaldo, Kaka and Karim Benzema.

Big-spenders

Madrid bought Ronaldo from English champions Manchester United for a world-record fee of $135 million, Kaka from AC Milan for $93.5 million and Benzema from Lyon for $50 million.

The club's other newcomers are Valencia central defender Raul Albiol, Liverpool right back Alvaro Arbeloa, Almeria striker Alvaro Negredo and Getafe midfielder Esteban Granero.

A ninth new Madrid player is defender Ezequiel Garay, who was signed a year ago but spent last season loaned back to Racing Santander.

"We had to do something unusual because it was necessary to complete the
squad in various positions. Florentino has stayed true to his word and he has done so in a big way.

"No fan can reproach him for what he has done,'' Valdano added.

Valdano said Madrid will now seek to reduce its numbers and recoup some
expenditure by offloading several players before the transfer window ends at the end of the month.

So far, the club has raised a reported $22 million through the sales of Javier Saviola and Javi Garcia to Benfica and Daniel Parejo to Getafe.

Also expected to leave are the Dutch trio of Klaas-Jan Huntelaar, Rafael van der Vaart and Wesley Sneijder, although Valdano said new coach Manuel Pellegrini was keen to keep Sneijder Valdano ruled out following up a previous attempt by Madrid to sign Bayern Munich winger Franck Ribery.

"Bayern decided not to sell and so we stood aside and withdrew,'' he said.

Source:
Agencies
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