Man United have also dropped its Russian sponsor but Real Madrid didn’t do this.
Amid the Ukraine-Russia war, Real Madrid remain sponsored by a Russian company.
Russia are continuing their attempted invasion of Ukraine. It has been condemned by governments, countries, and the European Union. Earlier, FIFA and UEFA also suspended Russian clubs and the Russian national team. FIFA have kicked 2018 WC hosts out of the World Cup qualifiers.
UEFA also dropped its large Russian sponsor Gazprom, and Schalke have also dropped Gazprom. Manchester United have also dropped its Russian sponsor but Real Madrid didn’t do this.
The Spanish giants are backed by Fonbet, with a ‘long-term agreement’ for all of ‘the Russian CIS territories’. Fonbet have more than 1000 offices in Russia, and their ownership is a very murky matter, with few clear answers.
The sponsor still listed as a partner on the club website. The company remains Russia’s biggest betting company to this day.
Meanwhile, Madrid’s arch-rivals Barcelona have a formerly Russian-based sponsor in 1xBet, though it is important to note that the company no longer has a licence to operate in Russia.
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