how massive can they spend in light of FFP?
I mean with the prices of "galactico" type signings today I would guess a neymar and a hazard type double would be something like half a billion so unless woody is stupid enough to drop a crazy amount of money on bale its hard to see how the books balance?
Not sure what Reals max transfer budget under FFP would be - but half a billion seems excessive even for them
They have a negative net spend over the last 5 years, while we have spend 400m or so (Barca, City and PSG even more). They will be fine with respect to FFP, even if they go full insane.
I think they'll spend 400-500m this summer, while selling Bale, and at least one of Isco/James.
They have a revenue of 100m higher than us, and have been tight for some time now. If people expect us to spend 200m in the summer, no surprise to expect them spending double of that.