Real Madrid set to announce sponsorship deal with Abu Dhabi-based IPIC - Lifestyle - ArabianBusiness.com

Real Madrid set to announce sponsorship deal with Abu Dhabi-based IPIC - Lifestyle - ArabianBusiness.com:



"Real Madrid are set to announce a new sponsorship deal with Abu Dhabi-based International Petroleum Investment Company (IPIC) this week, according to local media reports in Spain.



Daily sports newspaper Marca, which last month revealed plans to rename Real Madrid’s home ground Abu Dhabi Santiago Bernabeu, reported the club will announce its new sponsorship agreement with IPIC on Tuesday.



The initial sponsorship deal is believed to be worth in the region of €20 million ($15.4 million) a season, similar to the amount the club’s shirt sponsor, Emirates, pays for its deal."



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