According to British and local Manchester newspaper 'Manchester Evening News' the deal fell through because the Spanish giants got 'cold feet'.
This view is shared by many across Old Trafford and England, as it is felt that Real Madrid tried to bulldoze through a last minute deal and were expecting to pay a lot less for the Spaniard.
The deal included Real’s own Costa Rican number one Keylor Navas, who was valued at £11m in the deal and would have made the switch over to United. It has even been reported that he telephoned United after the failed transfer to see if the move could still be done.
The deadline for paperwork in the European window was missed late on Monday evening (by only one minute) and a blame game row erupted between the Spanish giants and United with the Bernabeu camp issuing the first statement, which you can read here, laying the blame on the Reds for the shambolic events.
Real’s hierarchy claimed in their 10-point statement that United had initiated the transfer on the Spanish transfer deadline day on Monday.
However in a dramatic turn of events it would seem that United have come out guns blazing and can prove that Manchester United were not at fault with evidence that is independently adjudicated by the Football Association. Here is there statement
1.- David is a key member of our squad and the club’s preference was not to sell.
2.- Manchester United did not seek contact from Real Madrid for the sale of David.
3.- No offer was received for David until yesterday.
4.- At lunchtime yesterday, Real Madrid made its first offer to buy David. A deal was agreed between the clubs, which included Navas being transferred to Old Trafford. The deals were dependent on each other.
5.- In the last several hours of the process, with Navas at the Real Madrid training ground, Real Madrid were controlling the documentation processes of David, Navas and Real Madrid. Manchester United was in control only of the documentation of Manchester United.
6.- Manchester United sent transfer documents for both players to Real Madrid at 2042 BST. David’s documentation was returned by Real Madrid to Manchester United without the signatory page at 2232 BST.
7.- At 22:40 BST, minutes before the deadline, major changes to the documentation came through to Manchester United which immediately put the deals at risk.
8.- Only at 2255 BST were the documents that are needed to cancel David’s contract received by Manchester United from Real Madrid.
9.- At this point Navas’ documentation was still not returned by Real Madrid.
10.- At 2258 BST, the transfer agreement was sent back by Manchester United, uploaded onto TMS and accepted – all before the deadline.
It is our understanding that the deals couldn’t happen because:
-Real Madrid didn’t upload David’s documents onto TMS in time (Manchester United did)
- Real Madrid didn’t upload David’s documents to the Spanish league in time, per reports it seems some 28 minutes after the deadline • The fact that Manchester United filed the papers on time was acknowledged by the Football Association, who offered to support that claim in any discussions with FIFA. The Club offered this assistance, as well as its own timestamped documents to Real Madrid but they have chosen not to go down this route.
It appears that while Real Madrid have been pointing fingers at United, they have tried to hide the fact that at the last minute they decided against the transfer due to the increased price they would have had to pay for him.