Real Madrid hit with International Champions Cup cancellation

epa07646200 Real Madrid's new soccer player Eden Hazard (R) poses for the media with Real Madrid's President, Florentino Perez, during his presentation at Santiago Bernabeu stadium in Madrid, Spain, 12 June 2019. Hazard has signed a five-seasons-contract with Real Madrid after Spanish LaLiga's club Real Madrid reached an agreement with Chelsea FC for his transfer for 100 million euro plus 30 on variables. EPA-EFE/Rodrigo Jimenez

Real Madrid could lose up to €15M in vital revenue due to the cancellation of the pre-season International Champions Cup.

The 2020 competition was due to take place ahead of the 2020-21 season, with Los Blancos and Barcelona both scheduled to play.

However, due to the ongoing Coronavirus outbreak in the United States, it has now been cancelled.

Alongside the disruption to pre-season for Zinedine Zidane’s side, reports from Diario AS claim they could lose significant funding.

The report states Real Madrid received €12M from their participation in last season’s tournament, an improvement from €10.8 in 2018-19.

The major source of financial loss is focused on the cancellation of an El Clasico meeting with Barcelona.

The clash between the two arch rivals was due to open a new stadium being built in either Las Vegas or Los Angeles.

However, both construction projects have been placed on hold due to the pandemic, and a growing rise of cases in the US.

Tags International Champions Cup
La Liga - Club News