Transfer season is in full swing, and apparently Real Madrid isn't feeling the recession pinch. Real Madrid is no stranger to big spending. When they shelled out 59 million euros (which roughly equates to $94 million), they broke their own record transfer record of 46.7 million euros ($75 million) for Zidane in 2001. And Cristiano Ronaldo's transfer fee of 80 million euros ($131 million) only a couple of days later ensured that Real Madrid would play their next season with the last two FIFA World Player of the Year winners, and they could also boast about having the three most expensive transfers in soccer history.
The transfer window officially opens in Europe on July 1st (meaning these players cannot join their new teams until then), and it closes on August 31st. That leaves a lot a time for clubs to make new signings. With several names being dropped as potential targets for clubs (David Villa, Didier Drogba, and Franck Ribery come to mind), the summer transfer window will continue to make headlines as club look to bolster their squads. Throughout the summer, I will be keeping tabs on this blog of the more significant transfer news. Who will Carlo Ancelotti try and attract to Chelsea this summer? What will Manchester United do with all the profits of selling Ronaldo? Will there be a firesale at relegated Newcastle? And so much more...
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