Simeone's real estate wealth sparks controversy in Spain

Spanish media reports have revealed that Diego Simeone, the Argentinian manager of Atlético Madrid, possesses a substantial real estate portfolio in the Spanish capital. The reports indicate that he owns more than 180 apartments with a total value of approximately €40 million. Simeone is considered one of the most successful coaches in the history of La Liga, having led Atlético Madrid for over 14 seasons, during which he won eight titles, including two La Liga championships, a Copa del Rey, a Spanish Super Cup, two Europa League titles, and two UEFA Super Cup titles. The Argentinian coach's wealth extends beyond his high salary. Simeone currently earns more than €29 million annually, placing him at the top of the list of the world's highest-paid coaches, according to a ranking published by the French newspaper L'Équipe. With his income increasing in recent years, Simeone has invested a portion of his wealth in the real estate market, building a significant property portfolio in Madrid. The Spanish program "Equipo de Investigación" broadcast statements by Spanish politician Javier Mastre, who discussed how wealthy individuals can expand their real estate investments. Mastre stated that having substantial capital makes it easier to purchase a large number of properties simultaneously. He explained that buying several units at once can give investors the opportunity to obtain significant discounts from sellers, which helps to continuously expand their real estate portfolio. Mastre also pointed out that the in-laws of Madrid's mayor, José Luis Martínez-Almeida, own buildings throughout the Spanish capital used for real estate speculation. He also mentioned a company linked to the wife of Alberto Núñez Fejo, leader of the Spanish People's Party, which operates in the real estate buying and leasing sector. Mastre criticized granting large real estate investments the same legal protections as the right of individuals to own a home for personal use, arguing that someone like Simeone, who owns approximately 180 residential units, should not receive the same protections as someone who owns a home for personal use. The Spanish politician concluded his remarks by calling for stricter taxes on the wealthy, with the aim of reducing the attractiveness of real estate investment and speculation in the housing market, and restoring real estate to its primary purpose, which is to provide housing for individuals.