Real Madrid president Florentino Perez 'not contemplating' Cristiano Ronaldo's departure

Bayern Munich laugh off rumours of Ronaldo deal

Florentino Perez re-elected as Real Madrid president until 2021

"This is the model that will continue to define Real Madrid".

The 70-year-old, who is in his second spell as president, stood unopposed for the post.

Ronaldo, who is now playing for Portugal in the Confederations Cup in Russian Federation, scored five goals over two legs as eventual winners Madrid dumped Bayern out of the Champions League at the quarterfinal stage in April. "[I have] complete confidence [that he is innocent], he has always wanted to fulfill his fiscal commitments", Perez told radio station Onda Cero.

The Telegraph later reported that Los Blancos would demand a world record bid of €150m (£131.4m, $168.2) to part ways with the Ballon d'Or even though he will turn 33 in February.

"I've been affected by how the Cristiano news has been treated by the media. I found out about all this from a newspaper", Perez said.

"This is all very unusual".

"What they have told me is that he has the same financial arrangements as he had in England, where he had no problems". "The only thing I know is that Cristiano is very angry with the treatment he has received in the press".

"The Italian sport paper Gazetto dello Sport has been reporting in recent days that FC Bayern are interested in signing Cristiano Ronaldo from Real Madrid".

Cristiano Ronaldo is all set to seal a dream return to Manchester United after reports emerged that he has ordered his agent to "do everything possible" to complete the deal.

However, a statement from Ronaldo's management company Gestifute insisted the company, Tollin, which was established during Ronaldo's time with Manchester United, has acted in accordance with British and Spanish tax laws.

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