Real Madrid signs defender Ramos
Real Madrid signed Sevilla defender Sergio Ramos to an eight-year contract only minutes before the transfer deadline Wednesday.
Real Madrid signed Sevilla defender Sergio Ramos to an eight-year contract only minutes before the transfer deadline Wednesday.
Madrid finalized the deal by satisfying the $33 million buyout clause in Ramos' contract. That made the 19-year-old Spaniard the third-most expensive transfer of the summer, behind the Chelsea signings Shaun Wright-Phillips and Michael Essien.
Madrid raised some of the funds for Ramos' transfer by selling striker Michael Owen to Newcastle on Tuesday for a reported $33 million.
Ramos' signing brings Madrid's offseason spending to about $98.7 million. Its other signings were Brazil's Robinho and Julio Baptista, and Uruguay's Pablo Garcia and Carlos Diogo.