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How Real Madrid spent €900m to build world football's most talented squad

Real Madrid fans used to hate Vinicius Jr. The mercurial Brazilian, now the Ballon d'Or frontrunner and consensus world-class talent, couldn't stop missing chances. He did all of the right things asked of a modern winger; he beat his man, made dangerous runs, and put in a shift defensively. In terms of effort, there was little more he could have done for the famous white shirt.

But when it came to the crucial bit - putting the ball in the net - he was maddeningly inconsistent. Around that time, in the 2018-19 season, Vinicius began to feel like an expensive mistake, a pricey venture into the emerging South American market that didn't quite work out.

Now, five years down the line, and a further €800 million (£680m/$870m) later, every skewed opportunity feels like it was worth it. These days, Vinicius is deadly, and the centre-piece of something resembling a juggernaut. What seemed to be a pricey mishap has proven to be the first of a new wave of signings, the maiden investment in turning an ageing squad into Europe's most talented team.

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Madrid have spent big in recent years, but they've also spent well, and have set themselves up for both short- and long-term success.