Tottenham chairman Daniel Levy is refusing to back down in the ongoing Gareth Bale transfer saga with Real Madrid.

According to controversial Spanish newspaper Marca, Levy is angry and considers it insulting that ‘Los Blancos’ would come for another one of his stars, only a season after Luka Modric made the move to the Bernabeu.

Levy is well known for his ruthless business style and it’s reported that he wants a world-record-breaking fee before he would consider letting his star performer leave White Hart Lane.

Marca reported today that the Tottenham chairman is now demanding a staggering €145 million (£125m) for the Welsh winger. However, Levy is playing a dangerous game, trying to price out one of the most financially powerful clubs in history especially considering Real president Fiorentino Perez has a history of getting his man; he got Ronaldo (El Phenomeno) from Inter Milan when they refused to sell; he got David Beckham out of Old Trafford and even brought Luis Figo from arch rivals Barcelona for £37 million.

Perez has been relentless in his pursuit of Bale. Although Madrid have trimmed their wage bill through the sales of Raul Albiol, Ricardo Carvalho and Gonzalo Higuain, they have bolstered their squad through the promotion of young Spanish talent. Striker Alvaro Morata, winger Jese Rodriguez and defender Nacho Fernandez have all been promoted to the first squad while Daniel Carvajal was bought back from Bayer Leverkusen, Isco from cash-strapped Malaga and Spanish U21 international midfielder Aisier Illarramendi from Real Sociedad.

The new coaching duo at Madrid of Ancelotti and Zidane want to create a young, vibrant team, filled with academy products and home-grown talents that the Bernabeu crowd can really get behind and love. However, he wants another Galactico to really add that star quality.

There is still much debate between pundits and fans as to whether Bale can command a fee of more than £80million. There is no doubt that he was exceptional last season, as he nearly delivered Tottenham Champions League football all by himself.

However, looking at the stats alone, in the 2010/11 season Bale only scored 11 goals in all competitions, in the following season he only scored 12 and of course last season he finished on 26 in all competitions.

Compare that to Cristiano Ronaldo’s stats in this last three seasons at United, he scored 23 goals in 06/07, 42 goals in 07/08 and 26 goals in 08/09 and since then he has developed his consistency to an extraordinary level.

Another season in the Premier League would not be the worst thing for Bale, a chance for him to stabilize his position as one of the best attacking players in the world. However, it is the Champions League that the Welshman craves and Tottenham cannot offer him that this season.

Regardless of whether he moves this summer or next, teams in La Liga may have to brace themselves for the daunting task of stopping CR7 on one side and the Welsh Wizard on the other.