Gareth Bale: Real Madrid Bid Has Mystery Rival

By Paul Kelso, Sports Correspondent

Gareth Bale's future could remain undecided until the final hours of the transfer window, with Tottenham yet to accept Real Madrid's offer and understood to be considering a rival bid to the Spanish club's world-record £86m.

The winger had been expected to complete his anticipated move early this week, but sources on all sides say no deal has been finalised, and that barring sudden progress, an announcement is "unlikely" in the next 24 hours.

Bale spent the weekend at a villa in southern Spain but flew back to the UK on Monday and will return to training at Tottenham on Tuesday unless a transfer is confirmed.

The identity of the club behind the rival offer remains unclear but sources close to Manchester United and Chelsea, two of the domestic clubs with the financial firepower to consider a bid, distanced themselves from the issue.

Tottenham will hope that the prospect of competition will force Madrid to meet the exacting terms set out by chairman Daniel Levy.

The 24-year-old was in sensational form for Spurs last season

While Bale is determined to join Real, Levy is only willing to sell reluctantly, and on terms advantageous to his club.

The Tottenham chairman is thought to be willing to wait until the very end of the transfer window,  Monday September 2, before a final decision.

As well as allowing Spurs time to work on transfer business, they will be able to assess their position after Sunday's north London derby against key rivals Arsenal.

Progress on the Bale deal has been slowed by increasing ill-feeling between Spurs and Madrid, with Tottenham understood to be infuriated at what they perceive as arrogance on the Spanish club's part.

Bale merchandise is being sold off cheap by traders at White Hart Lane

Real Madrid have made no secret of their belief a deal is imminent, selling Bale shirts on the club website and erecting a stage inside the Santiago Bernabéu stadium last week for an anticipated presentation ceremony.

Spurs are also determined to complete their planned transfer dealings before agreeing to Bale's departure, not least to avoid paying a premium for their new players.

Levy has made it clear that he will not agree a deal that leaves Tottenham weaker, and has spent more than £50m already this summer, bringing in four players including club-record signing Roberto Soldado.

Spurs ars said to be infuriated at the 'arrogance' of the Bernabéu club

An attempt to sign Brazilian Willian was gazumped by a £30m counter-offer from Chelsea last week, and Spurs want to bring in a defender, expected to be Romanian Vlad Chiriches, and at least one more attacking player before agreeing to Bale's departure.

Tottenham are also reluctant to accept a deal with a relatively small up-front payment and the rest staggered over the full term of Bale's proposed six-year contract.

Spurs, who still harbour doubts about Real's ability to fund the huge purchase, would prefer a significant part of the transfer up-front to help finance summer spending.

If, as still seems likely, Bale still does move to Madrid, Tottenham's chairman is determined to ensure that it is on his terms.

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