Real Madrid negotiates €150M deal with Saudi Arabia group

Real Madrid Go Through To The Champion's League Last Eight

Real Madrid Go Through To The Champion's League Last Eight. CREDIT: Twitter

Real Madrid negotiates €150M deal with Saudi Arabia group over sponsorship of the women’s team.

IT appears Real Madrid is talking to Saudi Arabia to close several deals which could see the construction of a Los Blancos-themed entertainment venue overseas.

But the main talking point is negotiations surrounding the women’s team which would involve a 10-year partnership.

Qiddiya, the Saudi Arabian group with which the club wants to commit itself, is reportedly asking for “a continuous dedication of the club’s ambassadors and a minimum of four players from the men’s team”.

In this way, Qiddiya aims to be the driving force behind women’s sport in its country through a partnership with Real Madrid.

The image of the Real Madrid players with the sponsorship would be a great incentive for girls to take up the sport, it believes.

According to The Times, these deals would include the construction of a Real Madrid-themed entertainment centre in the city of Qiddiya.

It would include a museum, merchandising shops, Real Madrid-related activities.

The pandemic caused by the coronavirus has led to a severe economic crisis, to the extent that clubs have to look for other ways to raise revenue.

Faced with the lack of spectators, Real Madrid has on several occasions considered reducing the players’ wages by a percentage to alleviate the impact of the health crisis.

Thank you for taking the time to read this news article “Real Madrid negotiates €150M deal with Saudi Arabia group ”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

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Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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