Despite being reportedly in excess of £500 million in debt, Madrid went on and paid a staggering €100 million transfer fee for Bale.
Of course, this is not the first time that the club has broken the world transfer record. In the last decade alone, they have broken it several times by bringing players like Luis Figo, Zinedine Zidane, Kaka, and Cristiano Ronaldo.
Zidane arrived at the club in a £45 million deal from Juventus in 2001.
He became one of the most successful players for Madrid, while he also became an ambassador for the Spanish giants.
He recently became the assistant coach under Carlo Ancelotti, while it would not be surprising to see him manage Madrid one day.
Being a former player and the current assistant coach, Zidane would have probably been the last person to question the transfer fee paid to Bale, but it is exactly what he has done in an interview to Canal Plus.
Rather than question Bale's transfer fee alone, the Frenchman has questioned all such exorbitant transfer fees because he does not see the reason for two clubs to agree on such a high price.
"Ten years ago, they bought me for 75million euros and I said I wasn't worth it. Two clubs agree on a price and no-one is forcing the other to do anything.
"That's football. Unfortunately, it's incomprehensible with what's happening today to pay so much," said Zidane according to Sky Sports.
Incidentally, Zidane did not have the best first-year at the Santiago Bernabeu, but the fans saw this undoubted quality rise to the fore from the second season onwards. He also expects Bale to undergo a similar cycle and he has urged the fans to judge him only after the second year.
Bale has missed much of the pre-season due to injury, but it will be extremely difficult to see him being given time to settle. Ronaldo showed that he can be an instant impact despite the hefty transfer fee, and Bale will probably be expected to replicate the same.