Real risks to remain without a sponsor! Most activities in Spain are illegal!

Real Madrid could lose around 20 million euros per season, money from the sponsorship agreement that Spaniards have signed with Bwin. El Mundo Deportivo says today that a Spanish multinational filed a complaint with the Commercial Court of Madrid accusing the lack of fair competition.

Codere Group, a company that operates throughout the betting, said the online operations  of Bwin  are illegal in Spain, because the famous bookmaker pays no taxes, the money being passed through tax havens. Codere Group asks the outlaw of Bwin's online activities, which would automatically lead to breaking the partnership with Real Madrid.

The agreement between Real Madrid and Bwin expires at the end of 2012-2013 season. The Group of the Santiago Bernabeu cashes 20 million annually to hold the betting house name on the chest.