Butragueño accepted this award, recognising the person or organisation that excels in its contribution to the promotion and encouragement of sport.
The two institutions, both of whom are leaders in the sector, have joined forces to offer students a highly specialised, international programme.
Students from India's NASM will take part in a one-week online programme and a two-week in-person course in Madrid each year.
"Entreprenurialship, leadership, integrity, teamwork and excellence are the values that inspire our postgraduate school", commented Butragueño.
2020 SportBusiness Postgraduate Ranking also places it in third position in Europe.
'A professional career in the sports industry? Discover how!' was the video conference title.
He answered questions from students of the Real Madrid Graduate School - Universidad Europea.
“As a coach I have the chance to teach what Real Madrid means and instil the values I was given when I arrived", explained the Castilla coach.
The Menorcan took part in the third day of the White Week of the Real Madrid Graduate School-Universidad Europea Semana Blanca.
"Passion is very important; if you have it in what you do, everything is much easier", commented the Wimbledon 1994 winner.
