Real Madrid Sells Internet Right for Laudable €500 million.
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| Real Madrid FC’s President, Florentino Perez |
According to EL Confidencial report, Real Madrid have agreed
to sell their internet rights, it said to be an astounding €500 million deal.
to sell their internet rights, it said to be an astounding €500 million deal.
El Confidencial says The Club’s President, Florentino Perez
has sealed an agreement in standard with the American fund Providence Equity
Partners by which Real Madrid would sell their internet image rights for the
next ten years in the amount of €500 million.
has sealed an agreement in standard with the American fund Providence Equity
Partners by which Real Madrid would sell their internet image rights for the
next ten years in the amount of €500 million.
The recent Deloitte Money League report was
said to be the Perez
motivation for making this big deal. Perez has been desperate to improve the
club’s finances as part of re-election campaign which will take place at the
end of the season.
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Los Blancos plans to take advantage of its website
popularity which receives four times the traffic enjoyed by Barcelona. And, even
more than that of Manchester United.
popularity which receives four times the traffic enjoyed by Barcelona. And, even
more than that of Manchester United.
At the same time, the Spanish club are keen to bring in additional
revenue without having to deal with bank debt here and there.
revenue without having to deal with bank debt here and there.
Providence Equity Partners already own a 25% share of the
MLS internet image rights and are again in negotiation with Real Madrid for
another one.
MLS internet image rights and are again in negotiation with Real Madrid for
another one.
The aftermath of the deal will make Real Madrid the richest
club in the world.
club in the world.
WHEN WILL EYIMBA SIGN THEIRS?
