"Real Madrid and Tottenham Hotspur have reached an agreement for the transfer of Gareth Bale, who will be contracted to the club for the next six seasons."

After months of speculation, the sale of Gareth Bale to Real Madrid from Tottenham Hotspur has finally been made official. The deal is believed to be worth £85 million for Spurs, and Bale is set to earn 10 million a year in wages. Tottenham Hotspur's chairman, Daniel Levy revealed to the club's website that Spurs had no intention of selling the player, but that it was too difficult an offer to refuse: "Gareth was a player we had absolutely no intention of selling as we look to build for the future. He is a player whose career we have fostered and developed and he was only a year into his new four-year contract."

"Such has been the attention from Real Madrid and so great is Gareth's desire to join them, that we have taken the view that the player will not be sufficiently committed to our campaign in the current season. We have, therefore, with great reluctance, agreed to this sale and do so in the knowledge that we have an exceptionally strong squad to which we have added no fewer than seven top internationals."
 
"More importantly, we have an immense team spirit and a dressing room that is hungry for success. We wish Gareth all the best in the future and he shall always be welcome at the Lane."Speaking of his move, Bale stated: “I would like to thank everyone at the Club, the Chairman, Board, staff, coaches and players; and most of all the fantastic fans who I hope will understand this amazing career opportunity."
 
"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.  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."
 
"I am well aware that I would not be at the level I am today were it not for firstly Southampton and then Spurs standing by me during some of the tougher times and affording me the environment and support they have. Tottenham will always be in my heart and I’m sure that this season will be a successful one for them.
 
"I am now looking forward to the next exciting chapter in my life, playing football for Real Madrid."