An agreement between the Royal Spanish Football Federation (RFEF) and the kingdom of Saudi Arabia has reportedly been signed to extend the stay of the Supercopa de España until 2029, according to 2Playbook.
The initial agreement was signed back in 2019 and was set to last until 2022. It was reportedly worth around €30 million per season for Saudi Arabia to hold hosting rights. The new multi-year extension could reportedly net the RFEF between €240 million and €320 million based on the original annual value of the deal for the next eight seasons.
While the 2020 Final was held in Jeddah, this season’s edition between Athletic Bilbao and Barcelona was kept domestically in Andalusia due to the COVID-19 pandemic. 2Playbook reports that the RFEF lost over €4 million in 2020 due to the pandemic, so this will significantly boost the organization’s funds moving forward and most of the financial losses endured.