Real Madrid Scores €360 Million Live Events Deal

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Owning a professional sports team is supposed to be the ultimate status symbol. Ultimately, though, it's very, very expensive.

To keep up with the rising costs, Real Madrid struck a €360 million deal, announced Thursday, with investment group Sixth Street and US-based sports-entertainment group Legends to diversify its income by hosting concerts and other events in addition to soccer matches at its Santiago Bernabéu stadium. Sounds like a hat trick to us.

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Source Fool.com