Real Madrid ‘loses court battle over Abu Dhabi fund sponsorship’

Estadio Santiago Bernabeu prior to the LaLiga match between Real Madrid and Getafe on May 13, 2023 (by Angel Martinez/Getty Images)
Estadio Santiago Bernabeu prior to the LaLiga match between Real Madrid and Getafe on May 13, 2023 (by Angel Martinez/Getty Images)

Spanish LaLiga club Real Madrid is reported to have lost a claim for €400m ($435m) in compensation following the collapse of a major sponsorship deal with International Petroleum Investment Company (IPIC), an entity now controlled by Abu Dhabi’s Mubadala Investment Company.

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