Real Madrid La Liga To overcome the financial crisis
Realmadrid.com
The hit pandemic Real Madrid difficult, especially with no fans in the stands, and the club is in talks over how to bring in new money.
One report even says that the club is in talks with Qiddiya, a Saudi group that owns the largest theme park in Saudi Arabia.
The Times’ report states that a ten-year contract worth 150 million euros was discussed during meetings between representatives, as well as the possibility of sponsoring the club’s women’s team.
Los Blancos wants to fill a gap of 300 million euros in their budget, and sponsorships have become their main source.
Recently, US company Providence signed an agreement worth 205 million euros by 2027.
The club has its liquidity with Providence and has loans for 205 million euros.
Saudi Arabia wants to improve its image and become a reference point in sports, having previously hosted Supercopa de Espana, while Riyadh also hosted other major sporting events.