Atletico Madrid reject Real Madrid's mammoth €150 million bid for Julian Alvarez

[p][a href="https://www.flashscore.ca/team/real-madrid/W8mj7MDD/"]Real[/a] said [a href="https://www.flashscore.ca/team/atl-madrid/jaarqpLQ/"]Atletico[/a] ‌rejected the offer based on ‌the Argentine's 500 million euros release clause.[/p][p]“[b]Real ‌Madrid CF announces that, following today’s ‌Board of Directors meeting, it has made an offer of 150 million ‌euros to Club Atletico de ⁠Madrid ‌for the federative rights of the player [a href="https://www.flashscore.ca/player/alvarez-julian/bBHauDIC/"]​Julian Alvarez[/a][/b],” the club said on its official website.[/p][p]“[b]After studying ​and evaluating it, Atletico de Madrid has thanked the club for the ⁠offer, made ​within the framework of the good relations existing between both clubs, and has rejected it, referring to ‌the player’s release clause[/b].”[/p][embed guid="d06d2c02-9e5f-4482-a78a-4436611198ec" url="https://x.com/realmadriden/status/2064396606481293492" social-type="twitter" /][p]Atletico issued ​a sharp rebuttal, mocking their cross-city rivals' version of events.[/p][p]"[b]You must have confused politeness with gratitude, but so there is no doubt: ‌we do not thank you for anything[/b]," Atletico posted on X.[/p][p]"[b]We neither studied nor evaluated any offer for Julian[/b]."[/p][p]The announcement comes a day after Florentino Perez won Real Madrid’s first contested presidential election in two decades, securing another four-year term.[/p][embed guid="5fa96c35-e3af-4468-b401-a22cd18b44f6" url="https://x.com/atletienglish/status/2064422755265638621" social-type="twitter" /][p]In the run-up to Sunday’s vote, Perez had said he would spend 150 million euros on ‌an unnamed player to be ​revealed on Tuesday, a fee that ‌would represent a club record.[/p][p]Alvarez scored 20 goals in 49 appearances for Atletico last season as they finished fourth in the ⁠table.[/p]