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Although Real initially insisted that the transfer cost €91.59 million, slightly less than the Ronaldo fee, the deal was widely reported to be around €100 million (around £85.1 million). [87] [88] Documents leaked in 2016 by Football Leaks revealed that instalments brought the final Bale fee up to a total of €100,759,418.
The transfer was completed on 1 July 2009, setting not only a new British transfer record, but also a new world record (either in pounds or euros). [4] In turn, that record was broken on 1 September 2013 when Real announced that their £85.3 million (€100 million) purchase of Gareth Bale from Tottenham Hotspur had been completed. [5]
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4]
Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...
The name euro was officially adopted on 16 December 1995 in Madrid. [16] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making ...
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
During the raid, police found 20 million euros, or around $21.1 million, in cash hidden in the walls and ceilings of the couple's home in Alcala de Henares, a town of around 195,000 inhabitants ...
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...