Real Madrid insist they're not paying a world record fee for Tottenham star Gareth Bale.

Real on Friday night insisted they have persuaded Tottenham to sell Bale for £78million - £2m less than the record fee they paid for Cristiano Ronaldo.

The Daily Mail says Madrid have secured bank loans to cover the fee, ensuring Ronaldo remains the costliest player in history, something that will no doubt play to his ego.

Tottenham were offered a world record £101m for Bale, but that deal involved three payments and chairman Daniel Levy has instead secured immediate remuneration for a player he paid £7m for in 2008.

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