Photo: AP Images
Spanish bank Bankia is seeking loans from the European Central Bank — and putting Real Madrid football star and most-expensive-player-in-the-world Cristiano Ronaldo up as collateral.PressEurop has the (admittedly far-fetched) story, a translation from German daily Süddeutsche Zeitung: Bankia helped financed Real Madrid’s purchase of the Portuguese striker and his teammate Kaka with a loan of 76.5 million euros ($111 million).
The end result? If the bank goes under and Real Madrid defaults on their loans, theoretically the ECB could end up owning Ronaldo. A strange state of affairs.
Business Insider Emails & Alerts
Site highlights each day to your inbox.