Real Madrid transfer admission places Premier League clubs on red-alert

Real Madrid president Florentino Perez has placed Premier League clubs on red-alert by admitting his club are facing a "really bad" situation entering the summer transfer window.

Los Blancos wrapped up their 34th La Liga title on Thursday night with victory over Villarreal.

They have been tipped to splash the cash again this summer with the likes of Erling Haaland, Kylian Mbappe and Jadon Sancho all reportedly on their radar.

But Perez has now insisted no major transfers will be possible due to the financial implications of the coronavirus pandemic.

His honest admission has opened the door to Premier League clubs to try and swoop whilst Real Madrid are out of the running for the top players in world football.

Asked if they could sign players such as Mbappe, Perez told El Transistor: "No. The situation is really bad.

"It's difficult to ask the players to take a pay cut to help deal with the situation and then make signings like that. That can wait. Madrid will sign the best again when the situation changes.

"This year has been the most difficult for me. We lost important income from the stadium. We had to talk to the players for them to do their bit. If they hadn't voluntarily lowered their salaries, the company would have suffered losses. It's an exceptional situation.

"We receive a lot of income from the stadium, we've had losses of 25% which is a lot of money. You notice it more with Madrid, Barcelona and Atletico Madrid than the other clubs because they cover their costs with television rights and we don't."

Manchester United, who have come out of the pandemic in a strong position, could now get a clearer run at landing Sancho or attempting to bring in long-term target Haaland in the future.

It could also help Arsenal in their bid to make Dani Ceballos' loan move from the club permanent as Real Madrid look to address their financial concerns.

Liverpool have been linked with Kylian Mbappe and Sancho in the past but they are facing similar financial restrictions meaning they will not be placed to swoop.

With plenty of clubs counting the cost of recent events, the likes of Manchester United and Chelsea, who continue to splash the cash, could have a fascinating opportunity with Real Madrid seemingly out of the picture.

The club have also been linked with Kai Havertz, but their withdrawal from the race for big names will boost Frank Lampard's chances of landing the Bayer Leverkusen playmaker.

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