Thai Yamaha Motor has become an official sponsor of Spanish club Real Madrid.
Real Madrid director Emilio Butragueno, right, and Thai Yamaha deputy chairman Praphan Polthanasit at yesterday’s sponsorship contract signing ceremony.
The three-year 250-million-baht deal was signed yesterday at a Bangkok hotel by Real Madrid director Emilio Butragueno and Thai Yamaha deputy chairman Praphan Polthanasit.
The ceremony was witnessed by Spanish Ambassador to Thailand Ignacio Sagaz Temprano.
Praphan said Thai Yamaha Motor was a sponsor of local football teams and tournaments so it wanted to support a world class team.
"It is a challenging move for us. We will also sign a contract with a Real Madrid player to become our brand ambassador," he said.
Butragueno said: "I am very proud that Yamaha, which is a leading brand in Thailand, has a good vision. We are very pleased that Yamaha has become our sponsor. We will move forward together."
Yamaha is the second Thailand-based company to be a sponsor of the Spanish giants after Thai Beverage, producer of Chang beer.