MADRID, Oct 14 — Spanish football club Real Madrid has renewed a sponsorship deal with the airline Emirates until 2026, the team said today.
While the parties did not disclose financial details, Spanish sports newspaper Marca reported the contract’s value at about €70 million (RM320 million) per year plus variables.
The United Arab Emirates flag carrier’s logo has been emblazoned on the jerseys worn by Real Madrid players since 2013.
Emirates first became Real Madrid’s global sponsor in 2011. Since then, the Spanish club has won 22 titles, including five coveted UEFA Champions League cups.
Jersey sponsorships are crucial for popular teams with high shirt sales like Real Madrid, as they expose the brands’ logos to millions of viewers across the globe.
Last season, Real Madrid led global football jersey sales through online retailer Amazon with €3.3 million in merchandising revenue, according to data from consulting firm Kiliagon. — Reuters
