Bayern Munich's French international Franck Ribery is set for a 55-million-euro move to Real Madrid next summer, a year before his contract at the German giants expires, a report said Wednesday. According to the German specialist website ran.de, the move was hammered out in August between Bayern and the Spanish club at the time of Dutch star Arjen Robben's transfer to Munich. Bayern did not pay Real the agreed 25-million-euro price tag for the Dutch winger, instead sitting on the cash in anticipation of the Ribery deal, said ran.de, which is owned by German private broadcaster Sat.1. Ribery, 26, who has been out of action through injury for over two months, has made no secret in the past of his desire to join Real. “I would really like to win the Champions League, but our team doesn't have the necessary firepower right now,” the winger told the Bild daily recently. “At the moment, we can't compete with Barcelona, Real Madrid, Arsenal and Inter.” Other recent reports have linked Ribery with a move to Chelsea. Chelsea reveals huge Scolari payout Chelsea reported losses of 44.4 million pounds ($70.60 million) in the club's end of year results Wednesday, including a 12.6 million-pound compensation payment to a former manager and his coaching staff. Chelsea FC plc said in a statement the remainder of a 340 million-pound loan from its parent company, owned by Russian billionaire Roman Abramovich, had been turned into equity and had made the group “debt free”. “The club's debt load has been reduced almost to nil in order to provide more long-term stability,” chairman Bruce Buck said in a statement. “The reduction will also enable the club to comply with any regulations on debt levels which are being discussed by the football community.” UEFA president Michel Platini revealed financial fair play plans this year to make clubs live within their means by linking spending on players to revenues. Chelsea's losses fell by 21.3 million pounds to 44.4 million, while turnover was down from 213.1 million to 206.4 million. Brazilian coach Luiz Felipe Scolari was sacked by the west London Premier League club after seven months in charge last February following a poor run of results. Dutchman Guus Hiddink replaced him until the end of the season and Italian Carlo Ancelotti was appointed his permanent successor in June. Blow to Poland's Euro 2012 preparations Joint hosts Poland's Euro 2012 preparations suffered a blow Wednesday when one of the venue cities scrapped a deal with a company building a tournament stadium. Wroclaw, one of four Polish cities hosting the finals, decided to end its agreement with Mostostal Warszawa because of construction delays. “I have come to the conclusion Mostostal is not able to finalize the construction in the agreed time and if we continue cooperation the risk that delay would be even bigger is very high,” mayor Rafal Dutkiewicz told a news conference. Mostostal , whose shares on the Warsaw bourse dropped by seven percent to 59.35 zlotys after the announcement, said it was still looking to rescue the 730 million zlotys ($253 million) deal. “We hope this whole situation resolves in a positive manner,” media officer Kinga Drozd told TVP Info. “We will do everything to continue building this stadium.” The announcement casts another shadow over the preparations of joint hosts Poland and Ukraine. UEFA, European soccer's governing body, has been frustrated by the slow progress of work in Ukraine and in May gave the country's four cities six months to show significant improvement. Michel Platini, UEFA's president, also spoke of huge Ukrainian problems over airport infrastructure, transport networks and suitable accommodation for the massive influx of fans. Poland had previously been praised for its preparations and Wednesday's news was the first real sign of problems in that country.
