Real Madrid – La Liga To overcome the financial crisis
Realmadrid.com
T.the pandemic has struck Real Madrid difficult, especially without fans in the stands, and the club is in talks about how to bring in new money.
One report even says the club is in talks with Qiddiya, a Saudi group that owns the largest theme park in Saudi Arabia.
The Times report says that a 10-year contract worth 150 million euros has been discussed at meetings between representatives, as well as the option to sponsor the club’s women’s team.
Los Blancos want to fill a EUR 300 million gap in their budget and sponsorship has become their main source of income.
Recently, American company Providence has signed an agreement worth 205 million euros by 2027.
The club has secured its liquidity with Providence and has loans for 205 million euros.
Saudi Arabia wants to improve its image and become a point of reference in the sport, after it previously de Spain Supercup, while Riyadh has also hosted other major sporting events.