Then it happened. Perez—who had also campaigned on a pledge to tidy up Real Madrid’s finances after the club leaked €50 million losses on a turnover of €120 million that year, per research for
my book El Clasico—was announced as president on July 16, 2000. He won the election by a few hundred votes.
Six days later, Gaspart was elected president of Barcelona. Figo knocked on his door. According to Gaspart, the Portugal international begged him to undo the deal with Perez, stressing that his agent, Veiga, had been outwitted and was "suicidal" with worry.
"It was a surprise Florentino won," says Ramon Calderon, who worked as a director under Perez for six years and later was Madrid president from 2006 to 2009. "There were two or three days with a lot of confusion. Veiga tried to give back the money [to Perez]. Veiga had a big penalty clause so he said to Figo, 'If you don’t accept this, I’m going to be bankrupt. I can’t pay. I’ll be ruined.' I imagine it was like that."
It was Gaspart’s first day in the job. He was powerless. What was he to do? Pay the penalty clause so Real Madrid’s members could watch football for free at the Bernabeu the following season?
Perez had outmaneuvered Figo, who let his agents act for him.
"You have to know what your agent is signing on your behalf, which is one of the basic rules of representation. Otherwise you can be [compromised] or get involved in something very uncomfortable for yourself," says Ivan Corretja, who works as an agent for Xavi Hernandez and several of Barca’s current players.
"I think he was taking everything like a joke: 'Ah, come on. This is impossible. This is not going to happen.’ But it was very serious. It was not a game. It was his profession, his life."
Figo would have to play the cards that were dealt to him. He’d be playing his football at the Bernabeu the next season, although he did come back to Camp Nou to play occasionally.