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Real Madrid praises FIFA's withdrawal from commercial rights sale
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Economy & Trade

Real Madrid praises FIFA's withdrawal from commercial rights sale

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Outcome reported
  • Real Madrid welcomed FIFA's decision to abandon plans for a partial sale of its commercial rights, calling it a "good news for football."
  • The club thanked UEFA, confederations, federations, and other institutions that opposed the proposal, emphasizing their unity in protecting the sport.
  • Real Madrid reiterated its stance against treating national team competitions and the World Cup as mere financial assets, stressing they belong to the public and society.

Real Madrid has lauded FIFA's decision to withdraw its proposal for a partial sale of commercial rights for its competitions. The club described the move as "good news for football, for its institutions, and above all, for the millions of fans of our beloved sport." In a statement released Sunday, Real Madrid extended its gratitude to UEFA, continental confederations, national federations, and all institutions that firmly and responsibly opposed the project.

Its unity and its sense of duty have protected football at a decisive moment. Our club considers it good news for football, for its institutions, and above all, for the millions of fans of our beloved sport.

โ€” Real MadridThe club's statement on FIFA's decision and the opposition from various football bodies.

The club emphasized that the unity and sense of duty shown by these bodies were crucial in protecting football during a decisive moment. Real Madrid believes that national team competitions, including the World Cup, are fundamentally public interest events and a heritage belonging to nations, fans, and society as a whole. Therefore, the club argues, these should never be treated as simple financial assets to be commercialized for the benefit of a select few.

National team football and the World Cup are, above all, events of public interest, and they constitute a heritage that belongs to the nations, to the fans, and to society as a whole.

โ€” Real MadridReal Madrid's view on the nature of major football tournaments.

Real Madrid also firmly opposes any attempt to sell future commercial revenues without assuming the associated costs and risks. The club highlighted that it is clubs that bear these burdens, making any initiative to claim future income without accepting the responsibilities unacceptable. This principle, Real Madrid noted, aligns with its domestic stance, recalling its opposition to La Liga's deal involving a percentage of future audiovisual rights for fifty years with a private fund.

Therefore, we believe they should never be treated as simple financial assets intended to be commercialized for the benefit of a few.

โ€” Real MadridReal Madrid's opposition to the commercialization of football's public interest events.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.