On August 2, Beijing time, Real Madrid officially announced its support for FIFA's proposal to abandon the sale of some of the commercial rights of its events.
Real Madrid official announcement
Real Madrid Football Club highly appreciates FIFA's decision to abandon its proposal to sell some of the commercial rights to its competitions. Real Madrid believes this is good news for football, football organizations, and especially for the millions of fans who love the sport.
Real Madrid wants to express their gratitude to UEFA, the continental football federations and national football associations, as well as all the organizations that stood firmly and responsibly against this project. Their unity and sense of responsibility protected football at a crucial moment.
Clubs are the foundation upon which national team football and the World Cup are built. It is clubs that discover, cultivate, and develop players, and then supply these players—those who make major tournaments possible—to national teams. National team football and the World Cup are primarily activities of public interest; they are the wealth of each nation, the fans, and society as a whole. Therefore, Real Madrid believes 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 the sport without assuming the corresponding costs and risks. These costs and risks are borne by the club, and any plan to appropriate future football revenue without taking responsibility is unacceptable and should never be proposed again.
Furthermore, this is a principle that Real Madrid has consistently upheld domestically. Real Madrid opposed and did not participate in the La Liga-CVC private equity deal, which tied up a percentage of the club's broadcast revenue for the next 50 years in exchange for the private fund's involvement. The precedent of mortgaging revenue that should belong to the club for half a century, with the club bearing all the costs and risks, should not be repeated in the world of football, whether domestically in Spain or internationally.
