FIFA president defends Ronaldo transfer

FIFA president Sepp Blatter defended the transfer of Cristiano Ronaldo to Real Madrid and says the move shows that football is still a healthy market during the financial crisis.



Manchester United accepted a world record transfer offer for Cristiano Ronaldo yesterday, clearing the World Player of the Year to negotiate personal terms with Madrid.



Blatter\'s reaction contrasted with previous comments he has made about excessive spending for players and financial moves that could undermine the health of football clubs, especially in England.



He had no such objections today, despite the record unconditional offer of 80 million pounds that Manchester United received for Ronaldo.



The return of Florentino Perez as Madrid\'s president has changed things as the billionaire looks to spend to return the Spanish side to the glory days.



Kaka was signed from AC Milan earlier this week for a reported fee of about 92 million.