Real Madrid earns €26 million from Liverpool signing Victor Munoz

Real Madrid has secured a financial windfall of approximately €26 million due to Liverpool's signing of Victor Munoz from Osasuna on June 22. The transaction was made possible through a clause negotiated when Munoz previously left Madrid, which mandates that Real receives half of any future release clause payments. Liverpool activated Munoz's €40 million release clause, leading to an immediate €20 million transfer to Madrid, coupled with €6 million already received when Munoz departed. Real opted not to use a buyback clause to re-sign Munoz, citing a crowded attacking roster as a factor in their decision.

• 12:10 PMYahoo Sports — Real Madrid are delighted with €26 million windfall as Liverpool sign former academy ace