On August 2nd, Real Madrid officially announced its support for FIFA's proposal to abandon the sale of some commercial rights of its events.
Real Madrid Official Announcement
Real Madrid Club highly commends FIFA's decision to abandon the proposal to sell some commercial rights of its events. Real Madrid believes that this is good news for football, football organizations, and especially the millions of fans who love this sport.
Real Madrid wishes to express its gratitude to UEFA, the continental confederations, national football associations, and all organizations that firmly and responsibly opposed this project. Their solidarity and sense of responsibility protected football at a critical moment.
Clubs are the foundation upon which national team football and the FIFA World Cup are built. It is clubs that discover, train, and develop players, and provide these players, who make major events possible, to national teams. National team football and the FIFA World Cup are, first and foremost, activities with public interest attributes, and are the wealth of various countries, fans, and society as a whole. Therefore, Real Madrid believes that they should never be treated as mere financial assets for the commercial gain of a few.
Real Madrid firmly opposes any attempt to sell the future commercial revenue of events without bearing the corresponding costs and risks. It is the clubs that bear these costs and risks, and any plan that attempts to seize the future revenue of football without bearing the corresponding responsibilities is unacceptable and should never be proposed again.
In addition, this is the same principle that Real Madrid has consistently adhered to at the domestic level. Real Madrid opposed and did not participate in the deal between La Liga and the CVC private equity fund at the time, which tied a certain percentage of the club's broadcasting revenue for the next 50 years in exchange for the entry of private funds. Mortgaging revenue that should belong to the club for half a century, when the club is the party bearing all the costs and risks, such a precedent should not be repeated in the world of football, whether in Spain or internationally.
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detcknstu
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way to go