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Real Madrid able to dip into €150M cash reserve to close James Rodriguez deal

Real Madrid president Florentino Perez hasn't had to go cap-in-hand to local banks to fund their mega bucks swoop for James Rodriguez.

The Colombia midfielder will be unveiled by Real to local fans and media this afternoon after AS Monaco accepted a bid of €70 million plus another €5 million in bonuses.

El Confidencial says Perez was able to agree the deal quickly, with a massive €150 million cash in the accounts courtesy - in part - from their Champions League triumph.

Real raked in €57 million from the European victory alone and the promise of new revenue from sponsors, overseas tours and the Super Cup and Club World Cup this year has allowed the Madrid giants to move for Rodriguez and Toni Kroos independently.

Indeed, Real financial chiefs believe their swoop for Rodriguez will open up new opportunities in Colombia and across South America. Significantly, Rodriguez will take the coveted No10 shirt at Real.

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