Tag Archives: RENFE

Spanish monopolies ordered to cut sports sponsorship budgets 

SBC News Spanish monopolies ordered to cut sports sponsorship budgets 

The Spanish government has ordered state-owned companies to comply with a 2022 Budget Law order that will demand incumbents to drastically reduce their sports marketing and sponsorship budgets.  Enterprises such as SELAE, Spain’s state-run lotteries society and monopoly counterparts RENFE (rail networks) and Correos (the post office) can no longer spend more than 2% of their accumulated net profits on …

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