PSG Rejects Real Madrid's £160 Million Bid for Kylian Mbappe
Real Madrid has had an open offer of £137m for Paris Saint Germain forward Kylian Mbappe rejected by the French club.
Gathogo Wanjiru 
The opening offer made by the Spanish club could shake the transfer market to its foundations if accepted, opening the way for PSG to go for Cristiano Ronaldo.
Real Madrid has been pursuing, Mbappe since he joined PSG from Monaco in 2017. The forward’s contract runs out next summer and he has so far rejected three bids by the club to extend his deal beyond 2022.
However, PSG who are yet to field Mbappe alongside Neymar and Lionel Messi have rejected Real’s opening bid.
Questions have been asked as to how Real Madrid can afford Mbappe after 300m euros was wiped off the club’s revenue by the Covid-19 pandemic.
Real Madrid president Florentino’s fronting up of the doomed European Super League project was seen as an indication of the club’s desperate financial state.
Madrid made no signing last summer and so far they have only signed David Alaba from Bayern Munich while selling Martin Odegaard and Raphael Verane.
