Skip to content Skip to Search
Skip navigation

Mubadala wins $440m court case against Real Madrid

By Gavin Gibbon
Real Madrid Mubadala Reuters/Violeta Santos Moura
Real Madrid claimed Mubadala reneged on an agreement but the court came down on the side of the Abu Dhabi sovereign investor
  • Abu Dhabi sovereign investor versus Spanish football giants
  • Agreement was struck to sponsor Santiago Bernabéu Stadium
  • Emirates airline logo has been on player jerseys since 2013

An international court has ruled in favour of Abu Dhabi sovereign investor Mubadala in a $440 million case against Spanish football giants Real Madrid.

The lawsuit surrounded a potential 20-year sponsorship deal for the naming rights to Los Blancos’ Santiago Bernabéu Stadium.

Real Madrid claimed Mubadala had reneged on the agreement, which was originally struck in 2014 and also involved renovating the area surrounding the stadium.

The arbitral tribunal constituted under the rules of the Court of International Trade in Paris came down on the side of Mubadala, according to a report from Reuters.

The La Liga heavyweights agreed to the sponsorship deal with International Petroleum Investment Company (IPIC) to globalise the club’s assets and turn the Santiago Bernabeu into the “greatest sporting venue” in the world.

In January 2017, Abu Dhabi’s government formed a new fund, Mubadala Investment Company, by merging Mubadala Development Company and IPIC, which owns corporate stakes in the energy industry and other sectors worldwide.

A Madrid court halted the original modification of the stadium in 2015. The new plan, which was approved by the Madrid city council in 2017, differed from the one the club and Mubadala had agreed on.

The court ruled the sponsorship contract had expired by the time the second expansion was agreed in 2017.

Real Madrid last October renewed a sponsorship deal with Emirates until 2026. Spanish sports newspaper Marca reported the contract’s value at about €70 million per year plus variables. Emirates’ logo has been on the jerseys worn by Real Madrid players since 2013.

Latest articles

Architecture, Building, Cityscape

Ajman sees 7% rise in hotel revenues amid tourism surge

The number of tourist arrivals in Ajman rose 9 percent year on year during the first quarter of 2024, leading to a 3 percent increase in hotel occupancy levels, according to the Ajman Department of Tourism Development. Revenue rose 7 percent year on year in the first quarter, as the average length of stay increased 5 percent, […]

Dubai The World Villas

Demand for beach plots sells 80% of The World villas in days

An ultra-luxe villa community planned for Dubai’s The World Islands is more than 80 percent sold only days after first being announced, thanks to the dearth of available beachfront plots in the city. The boutique developer Amali Properties, co-founded by siblings Ali and Amira Sajwani of Damac Properties, said last week that the community will […]

Path, Road, City BHB06R Wall Street Bull in Downtown Manhattan, NYC

Saudi stock trading slumps as interest jumps in US stocks

Saudi trading in US stocks trebled in the fourth quarter of 2023 compared with the previous year to SAR58.7 billion ($15.6 billion), as the kingdom’s interest in US equities revived following the Covid pandemic. Total trading in foreign and domestic markets remains historically low.  The transactions in the US market accounted for more than 97 […]

Investor Tim Draper told AGBI the US must 'swing back to freedom' to avoid losing innovation to countries such as the UAE

Tim Draper: UAE benefits from US crypto ‘overregulation’

Billionaire venture capitalist Tim Draper has criticised the US for its restrictive stance on cryptocurrency, claiming it is driving innovators towards more encouraging and friendlier markets such as the UAE. The Gulf state is actively developing regulatory frameworks to lure new forms of business, amid intense regional economic competition. Dubai and Abu Dhabi have set […]