Real Madrid president Florentino Perez has deep concerns over the direction his team is heading, it has been revealed.

Sport says Florentino confessed to friends that watching their defeat at Levante left him with the same sinking feeling he experienced during last season's 5-0 thrashing at Barcelona.

Florentino did not expect the defeat to one of Spain's minnows and the manner of the result left him dejected.

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