Ronaldo fee is excessive: UEFA chief

Published: 4:48AM Friday June 12, 2009 Source: Reuters

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UEFA president Michel Platini described Real Madrid's world record bid for Manchester United's Cristiano Ronaldo as excessive at a time when the world is in the midst of a financial crisis.
   
"It is very puzzling at a time when football faces some of its worst ever financial challenges," Platini said in a statement.
   
"These transfers are a serious challenge to the idea of fairplay and the concept of financial balance in our competitions," he added.
   
He was referring to Madrid's 80 million-pound ($203.7 million) bid for Portuguese winger Ronaldo and the recent signing of Brazilian midfielder Kaka for around 68 million euros ($148.2 million).

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