HomeNewsNewsGlobal

FC Barcelona loses Saudi academy as regional sponsor fails to renew

FC Barcelona has lost its only academy in Saudi Arabia after regional sponsor Fitness Time failed to renew a three-year sponsorship deal with the club.

The Palco 23 football news site reports that Fitness Time had a sponsorship agreement with Barcelona dating back to 2015 under which it licensed its brand to the gym chain to create a series of academies and football camps.

Barça has struck a number of similar agreements with local partners in order to grow its brand internationally and take its football philosophy to different countries. Partners take care of managing the academies, while the club offers its training methodology and helps to instruct trainers.

The financial report of Leejam Sports, the company that owns the chain of gyms, reveals that it decided not to renew the agreement, preferring to continue managing the academy under the Fitness Time brand. The gym chain has strong brand recognition in the Middle East and North Africa region where it operates 112 facilities.

Barcelona has 44 academies spread over 5 continents. The highest concentration of these facilities is in North America.

Most recent

Wolverhampton Wanderers has secured a significant increase in the value of its front-of-shirt rights, after striking a new deal with Asian-facing gambling platform ManBetX.

PepsiCo's Gatorade sports drink brand will pay a fee in the low hundred thousands of euros to sponsor LaLiga in four Central American countries, according to industry sources

Brazil’s club football sponsorship market is in freefall following the loss of state-owned bank Caixa Econômica Federal – the biggest spender of the last decade.

Alibaba chief executive Jack Ma and Uefa president Aleksander Čeferin were the main movers behind the eight-year deal between Uefa and electronic payments brand Alipay, SportBusiness Sponsorship has learned.