France striker Karim Benzema is joining Real Madrid from Olympique Lyon, the Ligue 1 club said on Wednesday on their website.

The 21-year-old Benzema will become Real’s third major signing under returning president Florentino Perez after Brazil’s Kaka and Portugal’s Cristiano Ronaldo.

When Perez was first in charge at the Bernabeu he set about signing one Galactico each close season. Now he is trying to buy them all in a month.

Where is he getting the money from during this global economic crisis Furthermore, what damage is the spending spree doing to other clubs

Manchester United were reportedly interested in Benzema to try to boost their forward line after Ronaldo’s departure.

We really are in unchartered territory here. Will Real still pursue Bayern Munich’s Franck Ribery too

Last time the Galactico plan did not actually bring trophies. A few defenders might help this time.

PHOTO: Olympique Lyon’s Karim Benzema reacts after their loss to Girondins Bordeaux in the French Ligue 1 soccer match at the Chaban Delmas stadium in Bordeaux, southwestern France, April 19, 2009. REUTERS/Olivier Pon

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