Gareth Bale to join Real Madrid for world-record transfer fee

By Mike Singer | CBSSports.com

After months of prolonged speculation, former Tottenham Hotspur star Gareth Bale will join Real Madrid thanks to a world-record transfer fee of 100 million euros or $132 million dollars, the BBC reported.

The deal, confirmed by statements from both teams on Sunday, is for six years and is still pending a physical.

“I am not sure there is ever a good time to leave a club where I felt settled and was playing the best football of my career to date,” he said on Tottenham's website. “I know many players talk of their desire to join the club of their boyhood dreams, but I can honestly say this is my dream come true.”

The massive transfer fee exceeds the 93 million euros Madrid paid Manchester United for forward Cristiano Ronaldo in 2009, and now the two will be teammates for the nine-time European Cup champions.

Bale, 24, won the top two English football awards this past spring, earning player of the year and young player of the year honors as decided by his English football peers.

Paired with Ronaldo, Madrid's attack may only be rivaled by Barcelona's duo of Lionel Messi and Neymar, a recent acquisition.

“I have had six very happy years at Tottenham, but it's the right time to say goodbye,” he said.

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