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Volume 6 No. 213


Former Real Madrid President Ramon Calderon said that Real Madrid, "the world's richest soccer club by sales, will struggle to redevelop its stadium because of Spain's faltering economy," according to Alex Duff of BLOOMBERG. Real President and Spanish builder Actividades de Construccion y Servicios SA Chair Florentino Perez, "wants to add a hotel and shopping center to the Santiago Bernabeu stadium." Calderon, his predecessor, said that "investors are resisting the effort because of the country's six-year economic slump." Calderon: "Real Madrid's plan is paralyzed because nobody wants to invest in Spain." Calderon said that the 4,000 luxury seats at the stadium "are only half full this season." Calderon: "It doesn't make sense to invest now." Former HSBC Holdings Plc banker Eugenio Martinez, who sought to stand against Perez in '09, said that "Real Madrid can bring in sales from outside Spain to boost revenue and finance player signings." Emirates airline is "in talks about a shirt sponsorship deal with Real" worth about €30M ($39M). Martinez: "The business isn't in Spain, it's outside. The future is in Asia, Africa and Latin America" (BLOOMBERG, 4/30).

Sheikh Hamdan office Dir Mirza Al Sayegh "has assured that Jebel Ali Racecourse will continue to receive the full support of its principal patron, Sheikh Hamdan Bin Rashid Al Maktoum" in the coming seasons, according to Leslie Wilson of GULF NEWS. Al Sayegh "praised the quality of racing that took place at the venue and its role in helping raise the profile of UAE racing in general." Al Sayegh: "Sheikh Hamdan has reiterated his commitment towards the support of horse racing at Jebel Al Racecourse." Al Sayegh "revealed that Sheikh Hamdan's support to Jebel Ali will be handed out through his thoroughbred operations -- Shadwell, Shadwell Farm and Derrinstown Stud" (GULF NEWS, 4/30).