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The pandemic has hit Real Madrid hard, 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 in meetings between representatives a 10-year contract worth 150 million euros has been discussed, as well as the possibility of sponsoring the club’s women’s team.
Los Blancos seek to fill a gap of 300 million euros in their budget and sponsorships have become their main source of income.
Recently, the American company Providence has signed an agreement worth 205 million euros until 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 benchmark in sport, having hosted the Spanish Super Cup, while Riyadh has also hosted other major sporting events.
Source: m.allfootballapp.com
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