Ramon Calderon Earned €24M From Real Madrid Signings - Report

Investigations are set to continue into Ramon Calderon's time in charge of Real Madrid...

29-Jun-2009 2:27:26 PM
Ramon Calderon could have made up to €24 million in just over two years as president of Real Madrid from his cut of the club's transfer fees, according to a report.

Marca stated on Sunday that the former Bernabeu leader had pocketed €4 million from Lassana Diarra's move to the club alone, and the paper have now revealed he has made much more.

Commissions to agents, players and others involved in football transfers are not unusual, but the quantity earned by the former Madrid chief has raised eyebrows in Spain.

Over eleven transactions that occurred during his spell at the helm saw Calderon earn well over €1 million each time and the details of each are set to be publicised.

According to Marca, one deal that has come to light is Fabio Cannavaro's €20 million switch from Juventus in 2006, which saw Calderon earn 16.7 per cent of the fee, totalling around €3.34 million.

Calderon was forced to resign in January of this year and the interim president, Vicente Boluda, demanded an exhaustive investigation into all the club's accounts.

Lucas Brown, Goal.com