La Liga giantsHowever, Real Madrid suffered a legal setback in legal dispute with Abu Dhabi’s sovereign investor, Mubadala, on the planned $440 million sponsorship agreement for their playground in Madrid.
Real Madrid demanded 400 million euros ($440 million) from Mubadala because they said it was the sovereign investor in Abu Dhabi. failed To honor the sponsorship deal under which acquire Naming rights for the Santiago Bernabéu stadium for 20 years. The arbitral tribunal established by rules of court of world Trade in Paris ruled in favor of The source told Reuters.
In 2014, Real Madrid agreed on strategic partnership with Abu Dhabi International Petroleum Investment Fund (IPIC), now Mubadala, to help Financing the planned stadium repair.
the project It was supposed to add Stupendous new roof and exterior current The structure includes a hotel and a shopping mall help The world is richer club By income to increase its revenue.
but, in 2015, a court in Madrid suspended original amendment of the stadium.
A subsequent plan approved by Madrid city council in 2017, different from one the football club Mubadala agreed.
The court ruled that the bail contract had expired by the time second Expansion agreed in 2017.
Allen & Overy y GBS Disputes advised IPIC Mubadala and Alonso & Diez-Hochleitner Abogados y Perez-Llorca advised Real Madrid.
Mudabala’s holdings include Spanish energy company Compania Espanola de Petroleos.