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OFFICIAL: Gareth Bale joins Real Madrid in world record $132 million deal (Video)

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The saga of the summer is finally over.

Gareth Bale has left Tottenham Hotspur and joined Spanish giants Real Madrid in a world record transfer deal of $132 million (£85.6 million) after speculation stretched across the entire summer.

Bale, 24, will now hold the tag of the most expensive player in the world after sealing his dream move to the Santiago Bernabeu to play alongside the likes of Cristiano Ronaldo, Iker Casillas and the rest of Los Galacticos. His contract is believed to be a six-year deal.

Tottenham’s press officer confirmed the move following Spurs’ 1-0 North London Derby defeat to Arsenal earlier this afternoon.

Soon after, the following statement appeared on Tottenham’s website from Chairman Daniel Levy.

“Gareth was a player we had absolutely no intention of selling as we look to build for the future,” Levy said. “He is a player whose career we have fostered and developed and he was only a year into his new four year contract. Such has been the attention from Real Madrid and so great is Gareth’s desire to join them, that we have taken the view that the player will not be sufficiently committed to our campaign in the current season.”

(MORE: Gareth Bale’s deal from Tottenham to Real Madrid reportedly done)

Obviously Levy was upset, but reinforced how Tottenham tried to keep their star player and have since strengthened their squad considerably.

“We have, therefore, with great reluctance, agreed to this sale and do so in the knowledge that we have an exceptionally strong squad to which we have added no fewer than seven top internationals. More importantly, we have an immense team spirit and a dressing room that is hungry for success.”

Levy then thanked Bale for his contributions, 55 goals in 203 appearances since joining from Southampton in 2007, and wished him success in the future.

With the loss of their influential playmaker, Tottenham must now continue their charge for the top four without the man who dazzled last season and was crowned the PFA Player of the Year. Bale’s value has soared since his move to Tottenham as a 17-year-old, with the Welsh international attacker the most coveted player in world soccer this summer.

Bale’s move has been coming for a long, long time, but on the final full day of the transfer window he has finally departed for the Spanish capital.

Tottenham manager Andre Villas-Boas spoke about Bale’s exit during his post-match conference at the Emirates, as AVB all but confirmed Bale’s exit and then thanked the player for his many stunning moments in a Spurs shirt.

“The player has been an absolute wonderful player, he’s going to try Real Madrid, so we wish him all the best. He has left us with great memories from last season, which I think every Tottenham fans cherishes. But he has moved on and we move on as well.”

More reaction on the world record transfer of Gareth Bale as the day goes on. 

Thibaut Courtois committed to Chelsea despite links to PSG

WATFORD, ENGLAND - FEBRUARY 03:  Thibaut Courtois of Chelsea in action during the Barclays Premier League match between Watford and Chelsea at Vicarage Road on February 3, 2016 in Watford, England.  (Photo by Clive Mason/Getty Images)
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Thibaut Courtois has denied reports he could leave London for Paris Saint-Germain this summer after a disappointing season at Chelsea.

The 23-year-old goalkeeper missed a large portion of the season through injury and failed to regain his top form when healthy as the Blues struggled throughout the year.

With a new manager in Antonio Conte taking over in June, some believed Courtois would be sold to allow the Italian to bring in a goalkeeper of his choice.

[ MORE: Atletico Madrid reach UCL final ]

Despite recent reports linking Courtois with a transfer to PSG that would make him the most expensive goalkeeper in the world, the Belgian international does not fancy a move to France.

Speaking to French newspaper Le Parisien, Courtois said he is happy at Chelsea and will “100-percent” be back at Stamford Bridge next season.

I have never had any contact with PSG. I have played a lot against PSG recently – twice last season, again this season in a friendly and twice more in the Champions League this year.

They are a good club who win their league easily. Me, I like playing in England. Paris is a very good club but I am happy at Chelsea.

I have a contract for three years, so I will say 100 per cent [be staying at Chelsea]. Rumours affect any club where things are going badly. People think the top players want to leave because they are not in the Champions League.

Those words show quite a change from Courtois’ opinion a few months ago, when he cast doubt over his Chelsea future.

At just 23, Courtois has already made more than 200 appearances in his career for Atletico Madrid and Chelsea. Although he did not have a standout season this year, Courtois has shown his talent as a potential top-five goalkeeper in the world and Conte would be wise to keep him.

Former CONMEBOL president has petition to stop extradition rejected

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ASUNCION, Paraguay (AP) Paraguay’s top court has rejected a petition by Nicolas Leoz, the former head of the South American football confederation, to halt his extradition to the United States.

Leoz is being held under house arrest in Paraguay. He is accused of receiving millions in bribes and kickbacks and was among dozens of top officials indicted in the FIFA corruption scandal.

[ FOLLOW: Leicester City’s miracle ]

Leoz’s lawyer Ricardo Preda told The Associated Press that his petition was turned down, but that he would continue to appeal against the extradition.

Leoz was the head of CONMEBOL from 1986 until 2013 when he resigned, and was replaced by Eugenio Figueredo of Uruguay.

Figueredo is under house arrest in Uruguay on similar charges. Figueredo was replaced by Juan Angel Napoul of Paraguay, who is under house arrest in Miami.

Cristiano Ronaldo back healthy for Real Madrid; will play vs. Man City

MADRID, SPAIN - MAY 03:  Cristiano Ronaldo of Real Madrid warms up during a training session ahead of the UEFA Champions League Semi Final Second Leg between Real Madrid and Manchester City at Valdebebas training ground on May 3, 2016 in Madrid, Spain.  (Photo by Gonzalo Arroyo Moreno/Getty Images)
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Real Madrid manager Zinedine Zidane has confirmed that Cristiano Ronaldo is “100-percent” for Wednesday’s Champions League semifinal match against Manchester City.

Ronaldo missed the first leg at the Etihad while recovering from a thigh injury, which ended a scoreless draw.

[ MORE: UCL semifinal preview ]

The Champions League’s all-time leading scorer with 93 goals, Ronaldo has not featured for Real since suffering the injury in a La Liga match against Villarreal on April 20.

Real Madrid had the better of chances in the first leg in Manchester, but Joe Hart’s heroics stopped Zidane’s side from grabbing an all-important away goal. However, Ronaldo’s absence was clearly visible and his return is a massive boost for Real.

[ RELATED: Atletico Madrid eliminate Bayern Munich, advance to UCL final ]

Even if Ronaldo is not 100-percent fit as Zidane claims, his inclusion in the lineup is still vital for Real’s success. A threat in so many different aspects of the game, his presence alone can throw off opposing defenses, leaving more time and space for his teammates to expose a City back-line that has its flaws.

Premier League chairman: Leicester City made mugs of all of us

LEICESTER, ENGLAND - MAY 03:  Leicester reacts to Leicester City's Premier League Title Success on May 03, 2016 in Leicester, England.  (Photo by Matthew Lewis/Getty Images)
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Premier League executive chairman Richard Scudamore has been around football for a long time, but even he can’t explain Leicester City’s miraculous title run.

[ FOLLOW: All of PST’s Leicester coverage ]

With the Foxes now officially champions of England, Scudamore hailed the achievement as “the biggest sporting story ever.”

Speaking to BBC Sport, the Premier League’s top exec said Leicester’s run has silenced all the bookmakers and critics who said it could never happen, but that he wouldn’t want it any other way.

It’s probably the biggest sporting story ever and the biggest sporting achievement ever.

Nobody saw it coming and even when it was halfway through the season nobody said it could be sustained.

We don’t know what the future holds because we’ve all become completely hopeless at predicting anything, including the bookmakers and everybody else – because this one nobody saw coming.

It’s made mugs of all of us and that is just the most fantastic feeling.

If the bookmakers had it as a 5,000-1 event, you would imagine you should achieve these type of things once every 5,000 years. It gives us 10, 20, 30, 40, 50 years of being able to say: ‘Leicester 2016. Just remember Leicester 2016.’

Pegged as pre-season favorites for relegation, Leicester defied the odds (5,000-1 odds) and claimed the most unlikely of championships. A top executive with the Premier League since 1999, even Scudamore had to admit he had a bit of egg on his face.

[ VOTE: What is the top moment from Leicester’s fairytale run? ]

Scudamore may not have believed in the Foxes, but few outside the city really did. One thing the chairman did have right though, is that we will all remember ‘Leicester 2016.’