Categories: Football Sports

Barcelona, Rakuten sponsorship deal takes effect

Barcelona, July 1 (IANS) Rakuten and Barcelona launched a four-year sponsorship deal on Saturday, under which the Japanese company will be the new main global sponsor of the Catalan football club.

The Japanese firm's logo is to appear on the front of the first team shirt starting from July 1 for the next four years with the option of a one-year extension, reports Efe.

Under the deal, approved by the members of the Extraordinary General Assembly in December, Barcelona is to receive 55 million euros ($62.8 million) per year.

Rakuten, one of the world's leading online shopping services providers, replaces Qatar Airways, with which Barcelona wants to seal a new commercial deal to be the official airline of the Catalan club.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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