MADRID: Real Madrid have lost a US$440 million court battle with Abu Dhabi sovereign investor Mubadala over the proposed sponsorship of its stadium in Madrid, sources with knowledge of the case told Reuters. Real Madrid had claimed 400 million euros (US$440 million) from Mubadala because it said the Abu Dh
MADRID: Real Madrid have lost a US$440 million court battle with Abu Dhabi sovereign investor Mubadala over the proposed sponsorship of its stadium in Madrid, sources with knowledge of the case told Reuters.
"The arbitral tribunal constituted under the rules of the Court of International Trade in Paris has ruled in favour of ," the source told Reuters. The project was meant to add a striking new roof and exterior to the current structure and include a hotel and a shopping centre, to help the world’s richest club by income boost its revenue.A later plan, approved by Madrid city council in 2017, was different to the one agreed by the soccer club and Mubadala.
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