Real Madrid secures 10 million euros in sponsorship deal with new sponsor

Real Madrid has announced that it has secured a significant sponsorship deal worth 10 million euros from a new sponsor.

The announcement comes after the club's previous sponsors, Nike, decided to end their partnership with the team at the end of last season.

The new deal will see Real Madrid continue its relationship with Adidas as its official footballwear supplier, but the sponsorship deal with the new sponsor is set to be a major boost for the Spanish giants.

"Adidas has been our partner for many years and we are very grateful for their support," said Real Madrid president Florentino Perez. "But this new sponsorship deal with our new partner is even more important because it will allow us to continue to invest in the team and develop new talent."

According to reports, the new sponsor will provide Real Madrid with financial support for its youth academy, as well as funding for the development of new players.

"This new deal shows the commitment of our partners to the success of Real Madrid," added Perez. "We are proud to have them on board and look forward to working together to achieve great things for our fans and supporters."

The new sponsorship deal is expected to be a major boost for Real Madrid, which has struggled financially in recent years due to high wages and transfer fees.

However, with the help of the new sponsor, the club hopes to turn things around and compete with other top European clubs once again.

Overall, the news of the new sponsorship deal is a positive sign for Real Madrid and its fans, who can now look forward to a bright future under the guidance of the club's new management team.