Real Madrid deny having breached the Financial Fair Play, as stated by the English newspaper The Telegraph in a report published on Wednesday. The British newspaper claims that the white club "has refused to explain why 20 percent of its expenses are not accounted for in the club's latest financial results, which raises doubts about compliance with financial control regulations".

Real Madrid sources deny this information, according to which "around 135 million euros in payments went to a subcategory of 'other operating expenses' in the latest results, published in October, of which 122 million euros (103 million pounds) have no explanation".

The Telegraph reports that UEFA, La Liga, and Real Madrid have all declined to comment on this topic.