London, Mar 13: Big-spenders Chelsea were reported to be ready to make a staggering £140 mn ($252 mn) bid for Real Madrid’s David Beckham after learning the England captain had cancelled his Madrid house. Newspapers reported on Friday that Beckham had not renewed the lease on his 4.5m pound ($8m) mansion in Spain, had axed plans to book son Brooklyn into Madrid’s top English-speaking private school and was getting rid of his Spanish interpreter.

The buy-out figure in Beckham’s contract is 140m pounds but newspapers in Britain said that would not deter Chelsea owner Roman Abramovich. The Russian oil billionaire has already spent £120m on new players since buying the London club last July.

Real Madrid were reported to believe Beckham may be ready to quit and they were preparing to receive a transfer request from their star mid-fielder, who cost them 25m pounds when he signed from Manchester United last July. Real paid Manchester 17m pounds up front with the rest linked to performance.

However, sources close to Beckham played down the speculation. They said he had failed to renew the lease on his mansion in the Capital only because he would be away with England from late May prior to Euro ’04 in Portugal .

But Beckham was believed to want to return to England because his wife Victoria has not moved to Madrid and commutes to Spain on weekends. Real were said to believe that unless there is a radical change in the player’s domestic circumstances over the next four months, his time in Madrid will come to a premature end.

“What Beckham has contributed in his time here is greatly appreciated,” a Real source told the Daily Mail. “And while we do not want to lose him, we would understand if he felt that it was impossible for him to stay.”
Bureau Report