Italy to pay €3.4m for Gareth Bale’s contract
Italia’s government on Monday gave final approval to a new five-year contract for Gareth Barry, the Wales international forward who is set to become the club’s highest-paid player in history with an initial salary of €3 million.
The move will see Bale’s current contract with Real Madrid expire in 2018, and he is set for a lucrative new deal that will include a huge payout.
Bale is due to earn an average of €2.7 million per year for Real, who are keen to renew his three-year deal.
But his new contract will be worth at least €6.5 million per season, according to the Football Association of Wales (FAW).
The governing body said it had given the green light to the new deal with a view to a final decision being made by Monday.
The FAW said it would consider the latest developments in the Bale saga, but did not elaborate.
A bid for Gareth by Chelsea was rejected in the summer, and the former Manchester United player has been linked with a move away from the Bernabeu for years.
Barry’s wages are expected to reach €5.6 million per annum.
A move to Real Madrid was also in the works, but he turned down a new deal and joined Tottenham in the January transfer window.
The 31-year-old scored 16 goals in 26 appearances last season, including six in the Champions League.