Real Madrid – La Liga To overcome the financial crisis
Realmadrid.com
Tthe pandemic struck real Madrid hard, especially without fans in the stands, and the club is discussing how to bring in new money.
A report even says that the club is in talks with Qiddiya, a Saudi group that owns the largest theme park in Saudi Arabia.
The report from The Times says that a 10-year contract worth 150 million euros was discussed at meetings between representatives, as well as the possibility of sponsoring the club’s women’s team.
Los Blancos are looking to fill a 300m-euro gap in their budget, and sponsorships have become their main source of income.
Recently, American company Providence has signed an agreement worth 205 million euros by 2027.
The club provided liquidity with Providence and has loans of 205 million euros.
Saudi Arabia wants to improve its image and become a benchmark in sports, having previously hosted Spanish Super Cup, while Riyadh hosted other major sporting events.