Real Madrid – La Liga To overcome the financial crisis
Realmadrid.com
Tthe pandemic has hit Real Madrid difficult, especially without fans in the stands, and the club is in talks on how to bring in new money.
A 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 ten-year contract worth € 150 million has been discussed at meetings between representatives, as well as the possibility of sponsoring the club’s women’s team.
Los Blancos want to fill a gap of 300 million euros in their budget and sponsorships have become their main source of income.
Recently, American company Providence has signed an agreement worth 205 million euros in 2027.
The club has secured its liquidity with Providence and has loans worth 205 million euros.
Saudi Arabia wants to improve its image and become a benchmark in sports, as it had already been home to the Spanish Super Cup, while Riyadh has also hosted other major sporting events.