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Real Madrid in a new TV rights deal
Spain - 06 November, 2006
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Real Madrid, a Spanish Primera Liga club, received a EUR 600 million offer for its TV rights.
Madrid's regional government and a local bank are reported to have bid EUR 600 million to broadcast Real Madrid's games, EUR 120 million for each of the five seasons from 2009 to 2013.
Free-to-air network Telemadrid, which is controlled by the regional government and bank Caja Madrid, will broadcast the matches.
Pay-operator Sogecable presently pays EUR 55 million a season to air Real Madrid's matches, which are shown by digital platform Digital Plus.
The agreement runs until 2008, although Sogecable has the option to extend it for a further year by paying EUR 60 million.
Madrid's regional government and a local bank are reported to have bid EUR 600 million to broadcast Real Madrid's games, EUR 120 million for each of the five seasons from 2009 to 2013.
Free-to-air network Telemadrid, which is controlled by the regional government and bank Caja Madrid, will broadcast the matches.
Pay-operator Sogecable presently pays EUR 55 million a season to air Real Madrid's matches, which are shown by digital platform Digital Plus.
The agreement runs until 2008, although Sogecable has the option to extend it for a further year by paying EUR 60 million.
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