Atletico laugh and mock Real Madrid after rejecting 1650.71 crore offer for Julian Alvarez

Real Madrid's first major move after Florentino Perez secured another term as club president has ended in rejection, with Atletico Madrid refusing a substantial bid for Julian Alvarez. Perez had indicated before the election that a ‘Galactico’ signing would be pursued if he retained the presidency. Two days after winning the election, that commitment materialised in the form of a 150 million euro (1650.71 crore) offer for the Argentina international.