Transfers · 53 min. ago

Real Madrid reacts to FIFA's decision to drop commercial rights sale

Real Madrid has issued a statement welcoming FIFA's move to scrap proposals to sell part of the commercial rights to its tournaments, including the World Cup.

Real Madrid reacts to FIFA's decision to drop commercial rights sale

Photo: Wikimedia Commons / CC BY-SA 4.0 / Author: Ank Kumar

Real Madrid has released an official statement regarding FIFA's decision to abandon a proposal to sell a portion of the commercial rights to its tournaments, particularly the World Cup. The club welcomed the reversal, noting that the move would please millions of fans globally.

In the statement, the club thanked the continental and national federations that strongly opposed the initial plan. Real Madrid argued that international football events are of public interest and represent a heritage belonging to fans and society, rather than being mere financial assets for private gain.

The club emphasized that professional teams are the bedrock upon which national football is built, as they nurture players before they represent their countries. They asserted that any initiative aimed at seizing future football revenues without assuming the associated risks is unacceptable and should not be proposed again.

This stance reflects the same principles the club defended domestically by refusing to join the deal between the Spanish league and the private investment fund CVC, which involved pledging television broadcasting revenues for 50 years. Notably, the club’s statement offered no acknowledgment or thanks to FIFA president Gianni Infantino for the policy shift.

Prepared by TheGoalStorm based on reporting by goal.com