30.10.2014 - Abu Dhabi cash injection to help Real Madrid rebuild stadium
Real Madrid signed a big new player yesterday – and players don’t come much bigger than the International Petroleum Investment Company. Ipic, the Abu Dhabi sovereign wealth fund chaired by Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, is the Spanish football club’s new long-term strategic partner. Both the company and the club are sworn to secrecy on the length and value of the deal, but Ipic’s investment will fund the development of the Santiago Bernabeu, one of the world’s iconic football stadiums. Ipic will provide “commercial means to build the world’s greatest sports venue” and in return Real will promote Abu Dhabi globally, said the Abu Dhabi company’s managing director, Khadem Al Qubaisi...............................................Full Article: Source
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