During an extraordinary session held today, the Real Madrid Board of Directors unanimously agreed to sign a contract with Mediapro for certain audiovisual rights to the First Team and Real Madrid Castilla until the 2012/13 season.
The Board of Directors analysed and evaluated various alternatives that the Club has been negotiating over the last few months for these audiovisual rights once the current contract expires. It was unanimously decided to accept the highest bid with the most solid guarantees.
By signing said contract, Real Madrid are guaranteed to earn more than 1,100 million Euros for their audiovisual rights over the next seven seasons, including the present one.
This is a landmark agreement for the Club as it constitutes the most important contract for audiovisual rights that any sports club in the world has ever signed.
http://www.realmadrid.com/articulo/rma35133.htm