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@jaw
Corndog, Spuds = Selling club, Levy is there to make sure the club stays financially sound. Bale is gone. The club will reinvest a maximum of 50% the transfer fee and probably have a more balanced team/squad next season. It's a win-win situation.
There's absolutely no guarantee that Madrid would come back with a similar offer next year and fwiw £80m+ for a winger is nuts, more so when his play is based on speed rather than skill.