Barcelona FC sponsors Qatar Foundation accepted



Barcelona's €171 million (Dh858.4m) shirt sponsorship deal with the non-profit Qatar Foundation was approved by a wide margin at a general assembly.

The club signed the five-and-a-half year deal, touted as the largest shirt sponsorship deal in football history, in December, but the decision to collect money for the first time in their history to display a logo on players' jerseys did not go down well with everybody.

The Catalans has previously prided themselves on not having a sponsor on their shirts. The first time Barca sported a logo was from 2006 to 2011 when the charity Unicef adorned the red and blue shirt, with the Spanish club making a yearly donation.

However, with Barca in debt to the tune of €442m and having posted a yearly loss for the first time in seven years, officials made the decision to opt for a more lucrative deal.

Johan Cruyff, Barca's legendary former coach, has criticised the endorsement deal as "vulgar" and thousands of club fans signed a petition to demand that the agreement be revoked.

But club members unanimously accepted the shirt sponsorship deal at a general assembly late on Saturday night, with 697 votes in favour of keeping the deal, 76 against and 36 abstentions, the club said on their website.

The Qatar Foundation, founded in 1995, has set up projects focusing on education, scientific research and community development, mainly in the Middle East.

It is run by the wife of Qatar's Emir, Sheikh Hamad bin Khalifa Al Thani.

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Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

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MATCH INFO

Chelsea 1 (Hudson-Odoi 90+1')

Manchester City 3 (Gundogan 18', Foden 21', De Bruyne 34')

Man of the match: Ilkay Gundogan (Man City)

If you go

The flights 

Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.

The trip

The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore  offers an eight-day levada trails tour from Dh3,050, not including flights.

The hotel

There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.

 

 

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Uefa Champions League quarter-final, second leg (first-leg score)

Porto (0) v Liverpool (2), Wednesday, 11pm UAE

Match is on BeIN Sports

Champions parade (UAE timings)

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8pm Deansgate stage showing starts

9pm Parade starts at Manchester Cathedral

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Company profile

Name: Tabby
Founded: August 2019; platform went live in February 2020
Founder/CEO: Hosam Arab, co-founder: Daniil Barkalov
Based: Dubai, UAE
Sector: Payments
Size: 40-50 employees
Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.


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